As you may have already known, the high inflation rate and poor economic stance of the nation is affecting businesses and worse still investors.
Investors are experiencing loses on major fronts due to many factors that can not be exhausted in one single article.
For those investors who participated in trade on the floor Nigerian Exchange Limited (NGX) for the week that just ended, majority of are already counting their loses.
Read Also: 35 Days To Swearing-In: Bola Tinubu Returns To Nigeria
Information gathered reveals that investors lost a whooping sum of ₦304 billion on the floor of the market last week.
During the last week, a total of 3.920 billion shares worth ₦15.620 billion were traded in 16,856 deals by investors, in contrast to a total of 2.824 billion shares valued at ₦10.964 billion that exchanged hands the previous week in 15,686 deals.
The All-Share Index and market capitalisation depreciated by 1.08% to close the week at 51,355.74 as the market capitalisation shed ₦304 billion to close the week at ₦27.963 trillion.
The year-to-date returns for investors have now settled at 0.20%.
All other indices showed most companies finished lower.
Gainers And Losers
NGX Main Board, NGX Pension, NGX Insurance, NGX AFR Div. Yield, NGX MERI Growth and NGX Consumer Goods which appreciated by 0.73%, 1.44%, 1.4%, 0.80%, 4.37% and 0.17% respectively.
However, indigenous conglomerate, Transcorp Corporation Plc, led the gainers’ chart of the NGX in the last week as its share price appreciated by 44.97% to close trading at ₦2.45, following the acquisition of over five per cent stake in the group by billionaire businessman, Femi Otedola.
The Conglomerates Industry (measured by volume) led the activity chart with 3.050 billion shares valued at ₦5.964 billion traded in 1,379 deals; contributing 77.81% and 38.18% to the total equity turnover volume and value respectively.
The Financial Services Industry followed with 707.962 million shares worth ₦6.175 billion in 8,430 deals. The third place was the Consumer Goods Industry, with a turnover of 43.155 million shares worth ₦1.026 billion in 2,223 deals.
Trading in the top three equities namely Transnational Corporation Plc, Access Holdings Plc and Fidelity Bank Plc (measured by volume) accounted for 3.302 billion shares worth ₦7.999 billion in 2,375 deals, contributing 84.23% and 51.21% to the total equity turnover volume and value respectively.
During the four-day trading week, 35 equities appreciated in price during the week higher than 18 equities in the previous week.
You Can Also Read: Nollywood Actress Destiny Etiko Made A Shocking Revelation
Thirty-one equities depreciated in price lower than 39 in the previous week, while 90 equities remained unchanged, lower than 99 equities recorded in the previous week.
