The Nigerian stock market recorded a decline, shedding N476.0bn in one week as investors traded a total of 1.818bn shares worth N47.226bn in 64,222 deals.
This represents a slight drop compared to the 1.848bn shares valued at N51.387bn exchanged in 63,090 deals the previous week.
Market capitalisation fell by 0.71 per cent to N66.717tn from the previous week’s level, while the All-Share Index dropped by 1.19 per cent to close at 106,538.60 points, reflecting a broad decline across major indices.
The Financial Services Industry maintained its dominance on the activity chart, leading by volume with 1.260bn shares worth N27.817bn traded in 29,800 deals.
This accounted for 69.31 per cent and 58.90 per cent of the total equity turnover volume and value, respectively. The consumer goods industry followed, with 123.336m shares worth N3.069bn traded in 7,793 deals, while the services industry recorded 118.931m shares valued at N832.602m in 3,730 deals.