Nigerian stock market ends week negatively as investors lose N123 billion

Nairametrics

By Oluwasanmi AKOSILE

The Nigerian bourse ended the week on a negative note as the All-share index depreciated by 0.57% from 38,212.01 as of 2nd July 2021 to 37,994.19 points as of 9th of July, 2021.

The market capitalisation also declined by 0.62% closing the week at N19.796 trillion. This invariably means that investors in Nigeria’s equities market lost about N123 billion in the course of the trading week.

This is contained in the weekly market report, released by the Nigerian Exchange Group (NGX) for the week ended 9th July 2021.

According to the report, forty-four (44) equities appreciated during the week, twenty-two (22) equities depreciated while ninety (90) equities maintained the same price through the week.

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