Stock market investors lose N260bn in one week

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Investors lost N260bn as the equities segment of the nation’s stock market fell last week. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 1.

99 per cent to close at 24,336.12 basis points and N12.69tn respectively.

The financial services industry led the activity chart with 618.71 million shares valued at N4.34bn traded in 9,669 deals, thus contributing 64.33 per cent and 47.25 per cent to the total equity turnover volume and value respectively. Trading in the top three equities, namely FBN Holdings Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc , accounted for 275.09 million shares worth N2.818bn in 3,497 deals, contributing 28.60 per cent and 30.69 per cent to the total equity turnover volume and value respectively.

 

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