₦airaland Forum

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.

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.

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

RapistOnBail:
Funny but porn still pays.

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.

hustla:
Go on Twitter
Search for @SegaLink

Explain what happened to him

He will help you