The Nigerian stock market closed Friday's tradings bearish. The exchange market traded negatively throughput the week as key market indices continue tanking.

The All Share-Index (ASI) fell by 0.17% in today's tradings compared to 0.24% decline recorded the preceding day. Year-to-Date the ASI was down by 8.24%.

The market capitalization closed at N10.842 trillion as compared to N10.860 trillion the previous day. Nigerian stock market investors lost N18.21 billion in today's tradings as sell-off persists. Weak-on-Weak the equity capitalization went down by N136.88 trillion.

Sovereign Trust Insurance Plc was the best-performed stock for the day. The stock appreciated by 8.70% to close at 25 Kobo. NEM Insurance Plc went up by 7.76% to close at N2.50. Prestige Assurance Plc gained 6.38% to close at 50 Kobo.

Stanbic IBTC Bank Plc was up by 5.26% to close at N46. Royal Exchange Plc completes the top five gainers chart. ABC Transport Plc was the worst-performed stock for the day. The stock declined by 10% to close at 27 Kobo.  Seplat Petroleum Plc went down by 9.98% to close at N522.

Africa Prudential Plc shed 9.92% to close at N3.54 Kobo. Veritas Kapital Assurance Plc and Chams Plc declined by 9.09% to close at 20 Kobo and 40 Kobo respectively.

Sovereign Trust Insurance Plc was the top traded stock by volume for the day. The company sold 44.5 million units valued at N11.1 million. Sterling Bank transacted N24.7 million units valued at N65.7 million.

Access Bank sold 20.9 million units worth N147.4 million. Zenith Bank led the top traded stock by value for the day. The lender's traded 16.6 million units worth N332.8 million. 

Transnational Corp of Nigeria Plc completes the top five traded stock for the day. The company sold 16.3 million shares valued at N18.3 million.

Source:https://businesshournigeria.com/nigerian-stock-m…ion-in-five-days/

Volatility in the market and unsustainable policies can be the cause of this. Hopefully the market will bounce back soon.

Next level

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I just tire for this country ah swear......

Good news scarce pass nokia3310 charger

Next level

W

FOREX! Well that's about 480 million dollars. It's nothing compared to what Facebook lost last year.



I don't know how bond works, please someone educate me.. Na beg I dey oo

The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.

If you still be novice, abeg stay out of the stock market for now. there are other investment vehicles.

Lol

Nigerian stock market is an upgraded MMM

They have not seem anything until Buhari loads his next level

Avoid stock market bc u will get burnt easily it's built on speculation

Lll

Not real money o.

A share drops price doesn't mean it won't go up again.

It's volatile.

Pipapi1:
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I can be of service

Ok

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grandstar:
The total worth of the stock market in a country of 201m people is only $30b is a disgrace

people don't venture in there. because no one trust the Nigeria stock. second they have been caught severally for raising false figure t lure Nigeria investors who many of them got burnt at a session.

grandstar:
The total worth of the stock market in a country of 201m people is only $30b is a disgrace

Imagine oo

But that's OK .. Even Facebook is richer than Nigeria

Are you FX trader?

The usual trend....expect more of this. Economy that lacks fundamentals

I have vowed never to buy shares again.

Daniel058:


Imagine oo

But that's OK .. Even Facebook is richer than Nigeria

Are you FX trader?

No

grandstar:
The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.

Lol, our oyel money is working

So people still dey invest for NSE.

Anyway, mumu no dey finish. Sold my entire stock as soon as Mumuharri won the selection in 2015. I haven’t even glanced there since.

grandstar:
The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.

What's with Nigerians and always comparing Nigeria to the USA. Nigeria will never be like the USA not even in a thousand years to come. Compare Nigeria to other African countries. Aside South Africa and Egypt down here in Africa, which country has a stock market as large as Nigeria? Some countries even have none.

I witnessed it too


USD of a currency is a hook

fineboynl:
people don't venture in there. because no one trust the Nigeria stock. second they have been caught severally for raising false figure t lure Nigeria investors who many of them got burnt at a session.

You are very right abt d raising of false figure, even international brokers do it,and datz why I limit myself to high volatile currency only.........d truth is dat most of this currencies can b easily manipulated(eur/USD is d chief),so I stick to few.



this week own ah

Eur/USD trickshily spike up,after accumulating so many bearish open order,along with it's counter currency USD/chf.....it was a nightmare.
It stood at a spot for more than 24hrs while others were all in bearish tread and even it's counter currencies we're all bullish and thus attracted too many traders if not all attention,as some even increased dia lot after dat,it spiked up.

tensazangetsu20:

What's with Nigerians and always comparing Nigeria to the USA. Nigeria will never be like the USA not even in a thousand years to come. Compare Nigeria to other African countries. Aside South Africa and Egypt down here in Africa, which country has a stock market as large as Nigeria? Some countries even have none.

We will compare Nigeria with any country your politicians run to for healthcare and real estate looting.

grandstar:
The total worth of the stock market in a country of 201m people is only $30b. This is a disgrace.

To put this into context, Facebook which is worth 5550b can buy our stock market with only 6% of their shares. This is a company barely 15year old.

The 50th largest US company is Texas Instruments and it's valued at $109.56b.

Facebook even rake more revenue than oil producing Nigeria annually.

Huh .......All in on crypto........never believed in the Nigeria stocks anyways;a lot of manipulations, falsifications and wash trading always going and the regulators always do nothing abt it....

tensazangetsu20:

What's with Nigerians and always comparing Nigeria to the USA. Nigeria will never be like the USA not even in a thousand years to come. Compare Nigeria to other African countries. Aside South Africa and Egypt down here in Africa, which country has a stock market as large as Nigeria? Some countries even have none.

There is a different between having a large stocks and a productive one. NIGERIA stock is big bsse on market capitalization but not on high long investment goal.

Totogokillme:
Huh .......All in on crypto........never believed in the Nigeria stocks anyways;a lot of manipulations, falsifications and wash trading always going and the regulators always do nothing abt it....

this week own ah

Eur/USD trickshily spike up,after accumulating so many bearish open order,along with it's counter currency USD/chf.....it was a nightmare.
It stood at a spot for more than 24hrs while others were all in bearish tread and even it's counter currencies we're all bullish and thus attracted too many traders if not all attention,as some even increased dia lot size after dat,it spiked up.