By Dipo Olowookere

The sum of N71 billion was lost by the Nigerian stock market last week. There are only 12 trading days left before the commencement of the Christmas and New Year holidays and in preparation, investors have begun to take profit to play safe.

In the previous week, which ended on November 29, the Nigerian Stock Exchange (NSE) appreciated by a marginal 0.04 percent, but last week, which closed on December 6, the market went down by 0.54 percent.

This brought the All-Share Index (ASI) down 146.63 points to 26,855.52 points from 27,002.15 points and the market capitalisation down by N71 billion to N12.962 trillion from N13.033 trillion.

Business Post reports that a total of 35 stocks depreciated in price during the week, higher than 32 equities in the previous week, while 19 shares appreciated in price, lower 31 equities in the previous week, with 111 stocks closing unchanged, higher than 102 equities recorded in the preceding week.
ALSO READ View MTN Nigeria Q1 2019 Analyst Call Presentation Held Today

Cornerstone Insurance was the worst performing stock, losing 20.25 percent to close at 63 kobo per share. MedView Airline lost 10.00 percent to close at N1.62 per unit, Arbico fell by 9.81 percent to settle at N4.32 per share, Ikeja Hotel declined by 9.73 percent to finish at N1.02 per unit, while FCMB depreciated by 9.45 percent to end at N1.82 per share.

On the other hand, Royal Exchange was the best performing stock on the NSE last week, rising by 17.39 percent to finish at 27 kobo per share.
ALSO READ Court Orders Seizure of Oando’s Oil Rigs Over Debts

Unilever Nigeria gained 17.39 percent to close at N18.90 per share, Trans-National Express rose by 10.00 percent to end at 99 kobo per unit, Niger Insurance improved also by 10.00 percent to settle 22 kobo per unit, while Okomu Oil rose by 9.77 percent to end at N54.50 per share.

In the week, the NSE recorded a total turnover of 952.7 million shares worth N12.8 billion in 17,279 deals compared with 1.2 billion shares valued at N13.2 billion traded a week earlier in 18,142 deals.

The financial services industry led the activity chart by volume with 691.0 million shares valued at N6.8 billion traded in 10,718 deals, contributing 72.53 percent and 53.13 percent to the total equity turnover volume and value respectively.
ALSO READ European Stocks Struggle as Oil Extend Losses

It was followed by the conglomerates sector with 101.9 million shares worth N701.3 million in 974 deals and the consumer goods industry with 57.6 million shares worth N2.0 billion in 2,095 deals.

A further breakdown showed that FCMB, Access Bank and Zenith Bank accounted for 334.2 million shares worth N3.1 billion in 3,684 deals, contributing 35.08 percent and 24.39 percent to the total equity turnover volume and value respectively.

https://businesspost.ng/economy/stock-market-loses-n71bn-as-investors-play-safe/

In the previous week, which ended on November 29, the Nigerian Stock Exchange (NSE) appreciated by a marginal 0.04 percent, but last week, which closed on December 6, the market went down by 0.54 percent.

Despite the decline, stock prices remain attractive, making room for bargain hunting in value stocks, amidst still-positive macro-economic fundamentals.
Those of us that trade in stocks can relate.
Things will pick up again again.
No time for panic sales.
The Stock Market is all about UPS AND DOWNS. 
The faint hearted people should not go near it.
But, There is limited GENERAL knowledge on the stock market by an average Nigerian citizen.
Something should be done about that.

On the other hand, Royal Exchange was the best performing stock on the NSE last week, rising by 17.39 percent to finish at 27 kobo per share.

Royal Exchange, you can count on them for most part.
One of our goons!

God bless Nigeria.

It's normal.. Abi no be same NL we dey when Una dey declared billions of naira profits.

Deal with it

Bubu is working but in grievously destructive ways. Evil man, Buhari.

God help us..

Check my signature for your daily residual income.

Gud

good news

True

I lost my 459 millions also

Investors will definitely play safe with this kinda wicked gofmen

Happyguy201:
good news

tell me more

A mad man is in power, it is too political unsafe to invest in Nigeria capital market

Everyone is now afraid.


Sowore treatment causing a lot of panic as no one trust the system anymore.

Smart investors are playing safe in December, idiots who put their money in MMM that year were pumping money into ponzi scheme in December.

it's a normal move, investor and traders will buy back their shares cheaper by the first week of January

My dividends ohhh

modsfucker:
This kind of December rush was what sent MMM to its early grave

Olodo

In his bubu regime safety is major key.
In fact digging and hiding your money is safer than keeping it a bank or starting a business, thank to our award winning dullard president

Igbos don't buy stocks, so no cause for alarm!
















ILLITERACY is highly rampant in the potopotor Republic..










I pity them plus including their girls have small small breasts with ponmo legd

see �

modsfucker:
This kind of December rush was what sent MMM to its early grave

Ponzi schemes are designed to fail and the gullible idiots who fell victim still blame others for their stupidity.

Where is Chudy the Super Guider of MMM? Some fools even bought him a car during his wedding. He's in one place enjoying MMM money and laughing at MMM victims.

Ok

What is the hope of common man?

Norm dec flush

Sukueponmalu:

Olodo

For what exactly? What did I do to warrant such description?

I won't even b involve self talk less of playing it self, channel moni to other things, waiting for them to introduce stamp duty also for investors

Nice approach.

Buhari is a total disaster.. The Stock market investors keep losing millions and Billions of investments under his useless administration. Well, what should one expect from a Fo0lish man who has never successfully managed a business before? Even common cattle he has in his farm have refused to multiply and they still look Malnourished just like himself...

Check out America and see how the economy has experienced amazing increase ever since Trump became President. And that's because he has been an intelligent and successful businessman even before dreaming of becoming a President...

wamiikechukwu:
it's a normal move, investor and traders will buy back their shares cheaper by the first week of January

Your parent money on your educationdidn't waste.. Have a nice week ahead ..

Okoyiboz3:


Ponzi schemes are designed to fail and the gullible idiots who fell victim still blame others for their stupidity.

Where is Chudy the Super Guider of MMM? Some fools even bought him a car during his wedding. He's in one place enjoying MMM money and laughing at MMM victims.

I know... I was just trying to say that this type of December rush is not healthy for the markets, hence the comparison with MMM... I'm into stocks and I know it very well

dipoolowoo:
By Dipo Olowookere

The sum of N71 billion was lost by the Nigerian stock market last week. There are only 12 trading days left before the commencement of the Christmas and New Year holidays and in preparation, investors have begun to take profit to play safe.

In the previous week, which ended on November 29, the Nigerian Stock Exchange (NSE) appreciated by a marginal 0.04 percent, but last week, which closed on December 6, the market went down by 0.54 percent.

This brought the All-Share Index (ASI) down 146.63 points to 26,855.52 points from 27,002.15 points and the market capitalisation down by N71 billion to N12.962 trillion from N13.033 trillion.

Business Post reports that a total of 35 stocks depreciated in price during the week, higher than 32 equities in the previous week, while 19 shares appreciated in price, lower 31 equities in the previous week, with 111 stocks closing unchanged, higher than 102 equities recorded in the preceding week.
ALSO READ View MTN Nigeria Q1 2019 Analyst Call Presentation Held Today

Cornerstone Insurance was the worst performing stock, losing 20.25 percent to close at 63 kobo per share. MedView Airline lost 10.00 percent to close at N1.62 per unit, Arbico fell by 9.81 percent to settle at N4.32 per share, Ikeja Hotel declined by 9.73 percent to finish at N1.02 per unit, while FCMB depreciated by 9.45 percent to end at N1.82 per share.

On the other hand, Royal Exchange was the best performing stock on the NSE last week, rising by 17.39 percent to finish at 27 kobo per share.
ALSO READ Court Orders Seizure of Oando’s Oil Rigs Over Debts

Unilever Nigeria gained 17.39 percent to close at N18.90 per share, Trans-National Express rose by 10.00 percent to end at 99 kobo per unit, Niger Insurance improved also by 10.00 percent to settle 22 kobo per unit, while Okomu Oil rose by 9.77 percent to end at N54.50 per share.

In the week, the NSE recorded a total turnover of 952.7 million shares worth N12.8 billion in 17,279 deals compared with 1.2 billion shares valued at N13.2 billion traded a week earlier in 18,142 deals.

The financial services industry led the activity chart by volume with 691.0 million shares valued at N6.8 billion traded in 10,718 deals, contributing 72.53 percent and 53.13 percent to the total equity turnover volume and value respectively.
ALSO READ European Stocks Struggle as Oil Extend Losses

It was followed by the conglomerates sector with 101.9 million shares worth N701.3 million in 974 deals and the consumer goods industry with 57.6 million shares worth N2.0 billion in 2,095 deals.

A further breakdown showed that FCMB, Access Bank and Zenith Bank accounted for 334.2 million shares worth N3.1 billion in 3,684 deals, contributing 35.08 percent and 24.39 percent to the total equity turnover volume and value respectively.

https://businesspost.ng/economy/stock-market-loses-n71bn-as-investors-play-safe/

Buhari economic policies are responsible for this falling economy.