Stock market finished week negative with 13.49% loss

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Last week was gloomy for the stock market as coronavirus panic and lower oil price jittery-selling pushed the market to its worst weekly loss.

The NSE All-Share Index and market capitalisation both depreciated by 13.49 per cent to close the week at 22,733.35 and N11.847tn respectively.A total turnover of 3.964 billion shares worth N43.703bn in 26,054 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.814 billion shares valued at N26.008bn that exchanged hands the previous week in 23,494 deals.

Further analysis showed that the financial services industry led the activity chart with 3.547 billion shares valued at N33.623bn traded in 19,150 deals, thus contributing 89.48 per cent and 76.9 per cent to the total equity turnover volume and value respectively.The third place was conglomerates industry, with a turnover of 88.406 million shares worth N132.508m in 679 deals.

A total of 75,285 units valued at N472.951m were traded last week in six deals, compared with a total of 8,193 units valued at N68.49m transacted the previous week in 11 deals. A total of 62,290 units of the Federal Government bonds valued at N71.46m were traded last week in 18 deals, compared with a total of 61,750 units valued at N69.99m transacted the previous week in 27 deals.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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if oil is down the economy of Nigeria is down what we need is economy creators fix ours. Through their thoughts series of

, a depose Sanusi, etc all these people are managers, we need economic creators not managers To Help build our economy

other countries.But Nigerians economy climate is different all our so called professional a managers people like Charles soludo

class many countries are now desisting from globalisation to protectionist that is 75 solely produced home rather than

13% loss with out depending on others. This time is Global economic warning. World is learning a big lesson from coronavirus

Subhanallahi

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