Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week.
Specifically, the market capitalisation, which opened the week at N56.296 trillion, shed N784 billion or 1.39 per cent to close the week at N55.512 trillion.
The All-Share Index also declined by 1.39 per cent or 1,387 points to close the week at 98,152.91, in contrast to 99,539.75 recorded in the previous week.
Similarly, all other indices finished lower with the exception NGX Insurance, NGX MERI Growth, NGX MERI Value and NGX Industrial Goods which appreciated by 0.02, 1.13, 0.09, and 0.38 per cent respectively, while the NGX ASeM and NGX Sovereign Bond indices closed flat.
Profit-taking in MTN Nigeria, Zenith Bank, FBN Holdings, among other declined stocks outweighed buy interest in Guaranty Trust Holding (GTCO), United Bank of Africa (UBA), Fidelity Bank, among other declined stocks to drive the market to a negative terrain.
However, 27…
Source: Guardian Newspaper
