Nigeria’s Stock Market closes trading week at 1. 31% loss

Trading on the Nigerian Stock Exchange (NSE) for the week ended on Friday, December 10,2015 closed on depressed note as the benchmark indices dipped by 1.31 percent each.

The loss recorded during the week was in spite of gains recorded in three of the five trading days in the market.

In specific terms, the All-Share Index and Market Capitalization depreciated by 1.31 percent last week to close the week at 27,269.71 and N9.376 trillion respectively.

Further checks on the trading statistics showed that nine other indices finished lower during the week, with the exception of the Oil and Gas Index that rose by 0.09 percent, while the ASeM Index closed flat.

Also, twenty-five equities appreciated in price during the week, lower than 28 equities of the preceding week. Thirty-seven equities depreciated in price, lower than 51 equities of the previous week, while 128 equities remained unchanged, higher than 111 equities recorded in the preceding week.

The Financial Services Industry led the activity chart with 827.653 million shares valued at N5.108 billion traded in 8,266 deals, representing 70.49 percent and 36.89 percent to the total equity turnover volume and value respectively.

In all turnover of 1.174 billion shares worth N13.846 billion in 13,870 deals were traded in the week as against1.218 billion shares valued at N14.685 billion that exchanged hands last week in 13,495 deals.