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Stock Market Suffers N280 Billion Loss In One Week - Business - Nairaland

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Stock Market Suffers N280 Billion Loss In One Week by akelicious(m): 3:45am On Mar 23
Equity trading on the floor of the Nigerian Stock Exchange closed last week on a negative note amid the spread of the global pandemic, COVID-19, in the country.

The NSE All-Share Index and market capitalisation both depreciated by 2.35 per cent to close last week at 22,198.43 basis points and N11.568tn respectively.



All other indices finished lower with the exception of the NSE Banking, the NSE Insurance and the NSE Oil/Gas, which appreciated by 0.29 per cent, 2.80 per cent and 0.22 per cent respectively while the NSE ASeM Index closed flat.

A total turnover of 2.804 billion shares worth N32.56bn in 31,715 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 3.964 billion shares valued at N43.70bn that exchanged hands the previous week in 26,054 deals.

The financial services industry (measured by volume) led the activity chart with 2.508 billion shares valued at N25.29bn traded in 23,243 deals, thus contributing 89.44 per cent and 77.68 per cent to the total equity turnover volume and value respectively.

The conglomerates followed with 60.873 million shares worth N105.95m in 767 deals. The third place was occupied by the services industry, with a turnover of 51.296 million shares worth N117.55m in 350 deals.

Trading in the top three equities, namely, Zenith Bank Plc, Guaranty Trust Bank Plc and FBN Holdings Plc (measured by volume), accounted for 1.635 billion shares worth N21.28bn in 15,631 deals, contributing 58.32 per cent and 65.37 per cent to the total equity turnover volume and value respectively.

Thirty-five equities appreciated in price during the week, higher than two equities in the previous week; and 27 equities depreciated in price, lower than 64 equities in the previous week.

A total of 15,121 units valued at N87.77m were traded last week in seven deals, compared with a total of 75,285 units valued at N472.95m transacted the previous week in six deals.

A total of 16,204 units of Federal Government Bonds valued at N19.10m were traded last week in eight deals, compared with a total of 62,290 units valued at N71.46m transacted the previous week in 18 deals.
https://www.akelicious.net/stock-market-suffers-n280bn-loss-in-one-week/

1 Like

Re: Stock Market Suffers N280 Billion Loss In One Week by CoronaVirusRelo(m): 4:06am On Mar 23
This shouldn't be coming as a news as it's a general norm in times like this.

The world economy is on a nose dive heading for the rocks.

Only a working approved vaccine can raise it up as it stands today.

Loss is a norm now at the stock exchange.

38 Likes 3 Shares

Re: Stock Market Suffers N280 Billion Loss In One Week by LordAzubuike(f): 5:42am On Mar 23
Great news.
Re: Stock Market Suffers N280 Billion Loss In One Week by cnwamo(m): 5:43am On Mar 23
As expected. The effect of Covid19 is yet to come, the impact will most likely cause ripples that would last a while. If only our leaders would stop looting and focus on diversifying the economy before it’s too late.

25 Likes 2 Shares

Re: Stock Market Suffers N280 Billion Loss In One Week by TheNamezJhay(m): 5:43am On Mar 23
Against n, this is a tough time for the market ..

2 Likes 2 Shares

Re: Stock Market Suffers N280 Billion Loss In One Week by validstar1: 5:44am On Mar 23
CoronaVirusRelo:
This should be coming as a news as it's a general norm in times like this.

The world economy is on a nose dive heading for the rocks.

Only a working approved vaccine can raise it up as it stands today.

Loss is a norm now at the stock exchange.
I hope Buhari has not caught this your moniker laidis

1 Like 1 Share

Re: Stock Market Suffers N280 Billion Loss In One Week by Kenydisharp1985: 5:44am On Mar 23
It's unfortunate.

1 Like

Re: Stock Market Suffers N280 Billion Loss In One Week by FrenchWay: 5:44am On Mar 23
This too, shall pass

6 Likes 1 Share

Re: Stock Market Suffers N280 Billion Loss In One Week by Goldencheese(m): 5:45am On Mar 23
That's a lot but compared to the impact of the global oil market which has dipped our oil sales, govt needs to come up with ways to buffer the economy during this critical period until we tide over this pandemic.

1 Like

Re: Stock Market Suffers N280 Billion Loss In One Week by Opexzy: 5:45am On Mar 23
It's happening all over the world, stock market in the US has seen worse.

1 Like

Re: Stock Market Suffers N280 Billion Loss In One Week by ovieigho(m): 5:46am On Mar 23
audio billions will melt

3 Likes

Re: Stock Market Suffers N280 Billion Loss In One Week by Goldencheese(m): 5:46am On Mar 23
We shall overcome.
Re: Stock Market Suffers N280 Billion Loss In One Week by beewhy009(m): 5:46am On Mar 23
Nigerians need to be ready for the worst.
Re: Stock Market Suffers N280 Billion Loss In One Week by PanickMode(m): 5:46am On Mar 23
Nah real wa.
Re: Stock Market Suffers N280 Billion Loss In One Week by Bossontop(m): 5:46am On Mar 23
Ah..... Mogbe ooo

4 Likes 1 Share

Re: Stock Market Suffers N280 Billion Loss In One Week by Mstick: 5:47am On Mar 23
Please I have created a topic about this and I don't know why the mods refused to bring it to front page despite my plea.

I paid for international passports for my family and I since last year in Rivers State, and till today we've not gotten it.

We're being told no booklets, apparently Rivers State immigration printed passports for the public last in June 2019.


We were told to bring extra 15k per passport to "sort" the PCO, initially I refused because the money I spent for the express was A LOT!

But along the line I had to pay because of my child's failing health.


I want to beg any Nigerian that can help me, please, please, please, it's long over due. It's been 6 MONTHS now.


Mr Rauf Aregbesola, sir please help me.

I went down to immigration office last week, I was told no old booklets and if I want I can apply for the new booklets, that means I've to forfeit the 240,000 naira I've already paid and pay another money.


I am pleading! This is not the way it was.


Rivers State immigration has caused me and my family so much pain. I don't even want to talk about.


Somebody PLEASE HELP ME.

15 Likes 2 Shares

Re: Stock Market Suffers N280 Billion Loss In One Week by free2ryhme: 5:48am On Mar 23
akelicious:

https://www.akelicious.net/stock-market-suffers-n280bn-loss-in-one-week/

Keep quoting fictitious figures and making false report

The people that has money in stocks are the ones that you will give High blood pressure and heart attack
Re: Stock Market Suffers N280 Billion Loss In One Week by RapistOnBail: 5:48am On Mar 23
Funny but porn still pays.
Re: Stock Market Suffers N280 Billion Loss In One Week by northvietnam(m): 5:49am On Mar 23
Ok
Re: Stock Market Suffers N280 Billion Loss In One Week by wonuks(m): 5:49am On Mar 23
shocked
Re: Stock Market Suffers N280 Billion Loss In One Week by free2ryhme: 5:50am On Mar 23
RapistOnBail:
Funny but porn still pays.

If this statement can come out from you on a Monday morning then you are beyond redemption

9 Likes

Re: Stock Market Suffers N280 Billion Loss In One Week by abuhusna1: 5:50am On Mar 23
Trading should be halted indefinitely now before all money are lost

1 Like

Re: Stock Market Suffers N280 Billion Loss In One Week by globalresource: 5:50am On Mar 23
The beginning of a new order
Re: Stock Market Suffers N280 Billion Loss In One Week by hustla(m): 5:51am On Mar 23
Mstick:
Please I have created a topic about this and I don't know why the mods refused to bring it to front page despite my plea.

I paid for international passports for my family and I since last year in Rivers State, and till today we've not gotten it.

We're being told no booklets, apparently Rivers State immigration printed passports for the public last in June 2019.


We were told to bring extra 15k per passport to "sort" the PCO, initially I refused because the money I spent for the express was A LOT!

But along the line I had to pay because of my child's failing health.


I want to beg any Nigerian that can help me, please, please, please, it's long over due. It's been 6 MONTHS now.


Mr Rauf Aregbesola, sir please help me.

I went down to immigration office last week, I was told no old booklets and if I want I can apply for the new booklets, that means I've to forfeit the 240,000 naira I've already paid and pay another money.


I am pleading! This is not the way it was.


Rivers State immigration has caused me and my family so much pain. I don't even want to talk about.


Somebody PLEASE HELP ME.

Go on Twitter
Search for @SegaLink

Explain what happened to him

He will help you

10 Likes

Re: Stock Market Suffers N280 Billion Loss In One Week by lonelydora: 5:51am On Mar 23
This too shall pass.

Many Presidents have resorted to prayers for God to help them, but some of you here are still arguing about it.


My signature!
Re: Stock Market Suffers N280 Billion Loss In One Week by globalresource: 5:51am On Mar 23
It has started
Re: Stock Market Suffers N280 Billion Loss In One Week by Offpoint: 5:51am On Mar 23
typing
Re: Stock Market Suffers N280 Billion Loss In One Week by J111333(m): 5:51am On Mar 23
Very much expected.
Brace for impact, folks.
Re: Stock Market Suffers N280 Billion Loss In One Week by devigblegble: 5:52am On Mar 23
water don pass garri , coronavirus be careful, watched a video earlier today a senator of 9ja couldn't pronounce the word coronavirus AWW 9ja kiloshenle
Re: Stock Market Suffers N280 Billion Loss In One Week by Mstick: 5:54am On Mar 23
Thank you, I did that few minutes ago. I sent him a DM!

can you help me also tweet him?!

I really need help.
hustla:


Go on Twitter
Search for @SegaLink

Explain what happened to him

He will help you
Re: Stock Market Suffers N280 Billion Loss In One Week by mascot87(m): 5:57am On Mar 23
What if I just have 0.001% of that loss right now? Life
Re: Stock Market Suffers N280 Billion Loss In One Week by IIzzyy: 6:00am On Mar 23
No is the time to invest in capital markets

Check this out to learn more

https:///33G1o1q

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