Statistics from the Nigerian Stock Exchange, NSE, showed on Thursday, February 4, that the stock market lost more than N1.63 trillion in January due to profit-taking and currency volatility
The News Agency of Nigeria (NAN) reported that the drop represented a 16.50 per cent to close at N8.225 trillion from the N9.850 trillion in December.
Also, the All-Share Index dropped by 4726.10 points or 16.50 per cent to close for the month at 23,916.15 against 28,642.25 posted in December.
The volume of shares traded also declined by 5.67 billion shares worth N42.05 billion traded in 67,479 deals from the 7.23 billion shares valued N55.28 billion transacted in 53,414 deals in December.
The decline represented 21.58 per cent.
The financial services sector remained the toast of investors during the period, accounting for 3.87 billion shares worth N16.93 billion traded in 27,065 deals.
