Stock market halts weekly gains, investors lose N470bn

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Activities on the floor of the Nigerian Stock Exchange closed on a negative note last week as the All-Share Index and market capitalisation depreciated by 2.57 per cent to close the week at 34,136.

82 and N17.84tn respectively.

A total turnover of 11.40 billion shares worth N35.89bn in 39,265 deals were traded last week by investors on the floor of the Exchange, in contrast to 4.51 billionn shares valued at N58.73bn that exchanged hands the previous week in 47,140 deals. The financial services industry followed with 1.99 billion shares worth N19.93bn in 21,725 deals. The third place was occupied by the conglomerates industry, with a turnover of 423.70 million shares worth N526.69m in 1,962 deals.

 

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These are little indicators and downturns that mitigate economic emancipation. Yet we hear from our Managers that we re almost out of every financial hurdles

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