Trading activities on the Nigerian Stock Exchange ended southward on Tuesday following losses posted by Nestle and MTN Nigeria.
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The Nigerian Stock Exchange opened trading for the week on Monday northward after closing the previous week on bearish posture.
Transactions on the Nigerian Stock Exchange swayed southward on Thursday with the market indices reversing previous growth to drop by 0.15 per cent.
The capital market stakeholders have called on Securities and Exchange Commission, Nigerian Stock Exchange and other stakeholders to formulate strategies that would boost local participation in the nation’s bourse.
The Nigerian Stock Exchange on Wednesday, recorded second gain in October with the market capitalisation increasing by N15 billion.
Specifically, the market capitalisation which opened at N12.886 trillion dipped by 0.06 per cent or N8 billion to close at N12.878 trillion.
The bears maintained dominance on the Nigerian Stock Exchange for the fifth consecutive day with the market indicators dropping by 0.19 per cent.
Specifically, the market capitalisation lost N103 billion or 0.79 per cent to close at N12.948 trillion against N13.051 trillion recorded on Tuesday.
In the same vein, the All Share Index (ASI) shed 56.49 points, representing a decline of 0.21 per cent to close at 26,809.92 against 26, 866.41 on Monday.
The Nigerian Stock Exchange All-Share Index on Friday lost 98.45 points or 0.36 per cent to close lower at 26,987.45 mark.
News Agency of Nigeria reports that the market capitalization which opened at N13.296 trillion shed N111 billion to close at N13.185 trillion.
The Chief Executive Officer of the NSE, Oscar Onyema, made the disclosure on Monday at the 58th Annual General Meeting of the exchange, held in Lagos.
Also, the market capitalisation which opened at N13.426 trillion rose by N46 trillion to close at N13.472 trillion.
The crucial market indicators of the Nigerian Stock Exchange rebounded on Thursday after three consecutive days loss following Nestle and Seplat price rallies.
The Nigerian equities market on Tuesday sustained bearish outing for the second day running with sell-offs in 28 stocks.
Domestic transactions in the Nigerian Stock Exchange has declined by 66.68 per cent in 12 years, the News Agency of Nigeria reports.
UACN Property Development Company followed with a decline of 9.55 per cent to close at N1.42, while NCR Nigeria lost 9.09 per cent to close at N4.50 per share.
The crucial market indices of the Nigerian Stock Exchange rebounded on Wednesday with 0.39 per cent after dropping for five trading sessions.
Specifically, the All-Share Index dipped 56.73 points, representing a decline of 0.21 per cent to close at 27,089.84 against 27,146.57 posted on Friday.
Trading on the Nigerian Stock Exchange maintained a bearish mood on Friday for the third consecutive day, with the market capitalisation losing N51 billion.