Performance at the Nigerian stock market last week was soaked in bearish sentiments as broad-based selloffs dragged down the benchmark index to close 0.17 per cent week-on-week lower.
The stock market declined 0.17 per cent week-on-week to close at 28,805.45 points. The week’s proceedings reduced the Year-to-Date gain to 0.6 per cent, while market capitalisation declined by N17 billion to N9.89 trillion.
Performance across sectors was mixed for the week, the Industrial Goods index led sector gainers, up 1.5 per cent. The Consumer Goods index followed, appreciating 0.9 per cent.
On the contrary, the Oil & Gas and Banking indices declined by 1.3 per cent and 0.2 per cent, while Insurance index declined by 1.8 per cent.
Total volume traded climbed by 204.24% to 1.15 billion shares, worth N13.62 billion and traded in 21,868 deals, compared to the 377.80 million shares, valued at N3.64 billion that exchanged hands in 7,466 deals last week.
The Financial Services Industry by volume led the activity chart with 868.827 million shares valued at N6.110 billion traded in 13,046 deals.
The Conglomerates Industry followed with 103.304 million shares worth N272.848 million in 1,111 deals, while the Consumer Goods Industry with a turnover of 66.743 million shares worth N3.501 billion in 3,368 deals.
