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Stock market closes on negative note, loses N80bn in first trading week



Nigerian Stock Exchange

Trading activities on the floor of the Nigerian Stock Exchange closed on a negative note as the NSE lost N80 billion at the end of the first trading week of 2021.

The NSE All-Share Index and Market Capitalization depreciated by 0.37% to close the week at 40,120.22 and N20.978 trillion respectively.

Meanwhile, all other indices finished higher with the exception of NSE Premium, NSE Lotus II, and NSE Industrial Goods which depreciated by 2.99%, 1.22%, and 2.29% while the NSE ASeM and NSE Growth Indices closed flat (See the summary of index movements in the table below):

A total turnover of 3.394 billion shares worth N19.867 billion in 26,808 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.806 billion shares valued at N25.966 billion that exchanged hands the previous week in 14,634 deals.

 The Consumer Goods Industry (measured by volume) led the activity chart with 2.026 billion shares valued at N7.503 billion traded in 4,031 deals; thus contributing 59.70% and 37.77% to the total equity turnover volume and value respectively.

 The Financial Services Industry followed with 939.288 million shares worth N7.820 billion in 14,020 deals. The third place was the Conglomerates Industry, with a turnover of 139.882 million shares worth N182.151 million in 885 deals.

Trading in the top three equities namely Champion Breweries Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 2.144 billion shares worth N6.002 billion in 1,971 deals, contributing 63.18% and 30.21% to the total equity turnover volume and value respectively.

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A total of 196,294 units valued at N816.553 million were traded this week in 38 deals compared with a total of 26,141 units valued at N185.334 million transacted last week in 35 deals.


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