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Stock market records second weekly loss, index drops by 0.44% | The Guardian Nigeria News - Nigeria and World News

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Stock market records second weekly loss, index drops by 0.44% | The Guardian Nigeria News - Nigeria and World News ⚠️

The All-share index and market capitalisation depreciated by 0.44 per cent to close the week at 49,475.42 points and N26.686 trillion respectively.

“Notwithstanding, we reiterate the need for positioning in only fundamentally sound stocks as the unimpressive macro environment remains a significant headwind for corporate earnings.” A breakdown of last week’s trading showed that a turnover of 719.4 million shares worth N8.004 billion was recorded in 17,444 deals by investors on the floor of the exchange.

The third place was the conglomerate industry, with a turnover of 36.577 million shares worth N2.332 billion in 2,425 deals.

 

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