Investors lose N660bn as stock market ends lower

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Investors lost N660bn last week as the nation’s stock market closed lower at the end of trading amid lingering profit-taking. The Nigerian Stock Exchange All-Share Index dropped by 3.

04 per cent to 40,439.85 on Friday from while the market capitalisation fell by N660bn to close at N21.16tn.

A total turnover of 2.68 billion shares worth N23.66bn in 27,844 deals were traded last week by investors on the floor of the exchange, up from 2.77 billion shares valued at N29.69bn that exchanged hands in 31,380 deals in the previous week. The consumer goods industry followed with 181.77 million shares worth N3.60bn in 4,676 deals. The conglomerates industry came third, with a turnover of 175.09 million shares worth N324.01m in 1,168 deals.

Sixteen equities appreciated in price last week, down from 22 in the previous week; 55 equities depreciated in price, compared with 60 in the previous week, while 91 equities remained unchanged, compared with 80 recorded in the previous week.

 

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'The hustle brings the money'' 💰 'The experience brings the knowledge'' 'Also The persistence brings the success''

They should learn how to trade in Bitcoin,archaic Nigerian business men.

Yeah, the digital markets are fragile and volatile

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