BEVERLY HILLS, March 22, (THEWILL) – Investors in Nigeria’s equity market lost N391 billion in the second week of March ended Friday March 5, 2021 as trading ended on a negative note. The NSE ASI depreciated -0.12 per cent to close 38,648.48 as against 38,697.17 recorded on the previous trading of Thursday March 11.
Market capitalization closed N20.221 trillion on Friday down 0.12 per cent against N20.246 trillion on Thursday. Friday’s market capitalization (N20.221 trillion ) was N391 billion less than N20.612 trillion recorded on the first trading day of the week on Monday. NSE ASI lost 699.4 basis points as at Friday against 39,396.57 on Monday.
A total of 293,970,400 shares in 3,760 deals, corresponding to a market value of NGN 3,769,759,464.28, were traded at the end of the last weekday Friday. Compared with the previous trading day (Thursday, March 11), Friday’s data shows 74 per cent improvement in volume, 78 per cent improvement in turnover, and 5 per cent improvement in deals.
A total of 17 gainers and 23 losers were recorded. Regency Alliance Insurance Co. led the gainers table while Skye Shelter Fund led the losers pack.
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