All Share Index
The Nigerian Stock Exchange crucial market indicators on Wednesday closed negatively with the market capitalisation dropping by N40 billion.
The Nigerian equities market on Tuesday closed on an upbeat note with the All-Share Index growing by 0.70 per cent.
Activities closed for the week on the Nigerian Stock Exchange on a positive trend following gains recorded by some highly capitalised stocks after two consecutive days losses.
The News Agency of Nigeria reports that the market capitalisation lost N27 billion or 0.24 per cent to close at N11.165 trillion against N11.192 trillion achieved on Wednesday.
Specifically, the index, which opened at 30,614.73, rose by 103.99 points or 0.34 per cent to close at 30,718.72.
The Nigerian Stock Exchange All-Share Index resumed trading for the week on Monday southward, shedding 0.82 per cent.
Bargain hunting persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index appreciating further by 0.79 per cent.
Investors net worth on the Nigerian Stock Exchange dropped by N581 billion in November, amid sell pressure ahead of the 2019 general elections and Yuletide celebrations.
Similarly, the All-Share Index which opened at 30,798.76 on Monday rose by 208.49 points or 0.68% to close at 31,007.25 due to some price gains.
In the same vein, the market capitalisation shed N28 billion to close at N11.243 trillion, compared with N11.271 trillion on Friday.
The Nigerian equities market closed lower on Thursday with further decline of 1.33 per cent to extend losing streak to five consecutive transactions days.
Renewed sell pressure embarked by investors on the Nigerian Stock Exchange took further toll on the market indices, with index dropping to 31,000 mark.
An analysis of the price movement table shows that Eterna Oil led the losers’ table with a loss of 50k to close at N4.95 per share.