Equity market extends weekly downtrend by 3.51%

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Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE All-Share Index and market capitalisation both depreciated by 3.

51 per cent to close last week at 21,094.62 and N10.994tn respectively.

A total turnover of 1.534 billion shares worth N11.267bn in 18,928 deals were traded last week by investors on the floor of the Exchange, in contrast with a total of 1.452 billion shares valued at N14.918bn that exchanged hands the previous week in 21,828 deals. The industrial goods followed with 218.471 million shares worth N1.236bn in 1,610 deals. The third place was the consumer goods industry, with a turnover of 134.599 million shares worth N1.855bn in 2,332 deals.

Fifteen equities appreciated in price during the week, lower than 34 in the previous week. Thirty-six equities depreciated in price, higher than 30 equities in the previous week, while 112 equities remained unchanged, higher than 99 equities recorded in the preceding week.

 

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Not to the FG but to d masses , if you people wants to help, don't give the FG but to the puplic, giving to the FG is only making the more richer.

The market has fallen. Sighhhh

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