Stock market suffers N280bn loss in one week

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Equity trading on the floor of the Nigerian Stock Exchange closed last week on a negative note amid the spread of the global pandemic, COVID-19, in the country.

The NSE All-Share Index and market capitalisation both depreciated by 2.35 per cent to close last week at 22,198.43 basis points and N11.568tn respectively.

A total turnover of 2.804 billion shares worth N32.56bn in 31,715 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 3.964 billion shares valued at N43.70bn that exchanged hands the previous week in 26,054 deals. The conglomerates followed with 60.873 million shares worth N105.95m in 767 deals. The third place was occupied by the services industry, with a turnover of 51.296 million shares worth N117.55m in 350 deals.

Thirty-five equities appreciated in price during the week, higher than two equities in the previous week; and 27 equities depreciated in price, lower than 64 equities in the previous week.

 

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A loss for just a week 280bn..... compare to money make for 52weeks, and Nigeria remain under developed country.

Nigeria is making all this money in one week and we borrow money to do everything

The way we call money in this country ehhh...

Shut it down for now

Hehehe Buhari and his government. He go finally flat this nation.

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Sverige Senaste nytt, Sverige Rubriker