ABUJA, Nigeria (VOICE OF NAIJA)- The Nigerian stock market experienced a loss of N185 billion over the past week as the All-Share Index fell by 0.33% to close at 97,506.87, while market capitalisation dropped by 0.31% to N59.11 trillion.
Investors traded a total of 3.194 billion shares valued at N54.85 billion in 45,112 deals on the Nigerian Exchange during the week.
The Financial Services Industry led trading activity, accounting for 47.25% of total turnover volume and 49.05% of value, with 1.509 billion shares worth N26.904 billion exchanged in 20,357 deals.
The Construction/Real Estate Industry followed with 839.945 million shares worth N4.806 billion in 1,399 deals, while the Oil and Gas Industry ranked third with 256.445 million shares valued at N13.307 billion across 6,313 deals.
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Three companies Haldane McCall Plc, FBN Holdings Plc, and Japaul Gold and Ventures Plc dominated trading, contributing 49.69% of total turnover volume and 36.09% of value, with a combined 1.587 billion shares worth N19.797 billion exchanged in 3,632 deals.
In the broader market, 32 equities gained value during the week, while 46 declined, and 75 remained unchanged. SUNU Assurances Nigeria Plc led the gainers, rising 23.42% from N3.16 to N3.90. Haldane McCall Plc followed, increasing from N5.10 to N6.20, while Sovereign Trust Insurance Plc ended the week at N0.73.
On the losing side, Austin Laz & Company Plc recorded the steepest drop, falling 26.32% from N2.66 to N1.96.
John Holt Plc declined by 18.91% to close at N8.92, while Lasaco Assurance Plc lost 16.47%, dropping from N2.55 to N2.13.
Meanwhile, on Thursday, the market saw a rebound as the Nigerian Exchange closed with a market capitalisation of N59.3 trillion, boosted by a N306 billion gain.