The Nigerian Stock Exchange closed bearish for the week ended Friday, 27th September 2019 as key market growth indices were downturned. The bearish trend was as a result of heavy losses suffered by some blue-chips stocks such as; Stanbic IBTC Bank, Presco Plc and Cement Company of Northern Nigeria Plc.   

The NSE All-Share Index (ASI) was down by -0.09% to close at 27,698.69 basis points Week-to-Date. The NSEASI Year-to-Date currently stands at -11.95%.  

SEPLAT Petroleum Development Company Plc was the best performing stock for the week. The stock gained N96.69 to close at N556.60. Seplat Petroleum was up by 21% for the week. Continental Reinsurance Plc advanced by 20.38% to close at N1.89.

Total Nigeria Plc completes the top three traded stocks for the week. The stock appreciated by 20% to close at N120.  

A total turnover of 1.097 billion shares was traded this week by investors on the floor of the exchange market worth N16.693 billion. This is in contrast to 1.272 billion shares that exchanged hands last week by investors valued at N18.750 billion traded in 19,482 deals.  

On the flip side, Learn Africa Plc was the worst-performing stock for the week. The bluechip stock was down by 19.42% to close at N1.12. UACN Property Development Company Plc declined by 18.31% to close at N1.16. NPF Microfinance Bank Plc rounds up the top three losers chart for the week. The financial firm dips by 12% to close at N1.10.  

The Financial Services Industry, The Consumer Goods Industry and the Conglomerates Industry led the volume activity chart for the week, contributing N6.41 billion, N8.53 billion and  N203.24 million respectively to the total market equity.  

Source: https://financialmetricsnigeria.com/nigerian-stock-market-investors-lose-n11-52-billion-in-five-days-as-the-bourse-market-continues-bleeding/

well thats a first

FTC

i dedicate this to my Dad
Happy birthday Dad
More years to come

This is no news at all

Lol

So people still believe all these all these criminal CEOs' that their only job is to manipulate people's investment, whereby they are there living life of opulence.....It's only God that can really judge us all.

U mean people still do stocks

When they invested, they knew it's a 2 way traffic.... Up/Down.........

Although all investors hope for more up days........

Who will teach me this stock investment cef?

Okay

Investing in stocks is highly risky and also profitable, it happens both ways.

Investing in money market or treasury bills is less risky with little or no lost of funds so its recommended for starters that ain't know anything about investment.

You can start by using cowrywise with even 100 naira...
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oim

OK

The country itself is a scam.
Companies forge numbers and declare fake profits all the time.

Such is life when they were gaining nobody heard about it...... Tired of all these negative stuff�

I am still regretting why I invested on Nigeria stock exchange years back instead of using it to invest in real estate.

should we now fry the sand

Godfrey858:
well thats a first

FTC

i dedicate this to my Dad
Happy birthday Dad
More years to come

Bros.... Dedicating an ftc to your dad on a bad news thread. Haba na so you wicked reach

Happy birthday to your dad

As for you, take this

[quote author=Pusifukifuqa post=82679576][/quote]
Guy you dy reason like toothpick

Buharin and bad luck

kripen:
I am still regretting why I invested on Nigeria stock exchange years back instead of using it to invest in real estate.

Arbitrage trading is the best

all these stock na waste of money

uniqUN:

Bros.... Dedicating an ftc to your dad on a bad news thread. Haba na so you wicked reach

Wetin concern me
This country is already messed up

And yes i will celebrate him wether its the end of the world


so if you no get papa,i no fit blame you
Having Him, without no mom from birth

which Man fit do am

Why couldn't I post on this thread initially?

Today is Sunday o but you'd scarcely find any christian topic on FP. But on Fridays ruling on how to wash nyash will full everywhere

Hmmmmm

NonFarmPayrol:


Arbitrage trading is the best

all these stock na waste of money

Please shed more light on this arbitrage trading

Godfrey858:


Wetin concern me
This country is already messed up

And yes i will celebrate him wether its the end of the world


so if you no get papa,i no fit blame you
Having Him, without no mom from birth

which Man fit do am

My broda, he is your papa. Celebrate him whichever way you want then. Rub am shit sef if you like. Wetin concern me with YOUR PAPA true true

You can see how minimal the comments are on thread like this? Sentiments aside, this country has no future.

My questions is If they lose such kind of money...who receive the loss money then...i need clarity.

biolite:
My questions is If they lose such kind of money...who receive the loss money then...i need clarity.