How Nigeria’s stock market fared this week

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Investors lost a total of N48 billion in the four trading sessions, making the market capitalisation close at N59.121 trillion.

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Specifically, investors lost a total of N48 billion in the four trading sessions, making the market capitalisation close at N59.121 trillion from N59.169 trillion at the beginning of the week. Conversely, Computer Warehouse Group Plc led 39 equities on the gainers’ table with a gain of N1.55 to close at N7.50, while Morison Industries Plc rose by 35k to close at N1.76 per share.

As recorded in previous weeks, the financial services industry measured by volume led the activity chart again with 1.329 billion shares valued at N32.924 billion traded in 20,897 deals. On bonds, 61,447 shares valued at N60.237 million were traded this week in 27 deals compared with a total of 68,735 shares valued at N71.382 million transacted last week in 20 deals.

Total Energies proposed to pay N25 for every 50k ordinary shares for its 2023 financial year on 24 June and Access Holdings declared to pay N1.80 dividend per 50k ordinary shares on 19 April.

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Investors gain N146.95bn in market capitalization at NGXInvestors at the Nigerian Exchange Limited, NGX, gained N146.95 billion in market capitalization as the All-Share index soared by 259.90 points to close Friday at 104,647.37 points. The development further heightened investors' confidence as the total market capitalization hit N59.17 trillion at the close of trading on Friday.
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