Stock market halts weekly gains, investors lose N470bn

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Activities on the floor of the Nigerian Stock Exchange closed on a negative note last week as the All-Share Index and market capitalisation depreciated by 2.57 per cent to close the week at 34,136.82 and N17.84tn respectively. Similarly, all other indices finished lower with the exception of NSE Insurance Index which appreciated by 0.51 per cent while the NSE ASeM Index closed flat. A total turnover of 11.40 billion shares worth N35.89bn in 39,265 deals were traded last week by investors on the floor of the Exchange, in contrast to 4.51 billionn shares valued at N58.73bn that exchanged hands the previous week in 47,140 deals.

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