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BUSINESS & ECONOMYCapital MarketNEWSLETTER

Stock Market Investors Value Dip by N383billion In October

stock market

Investors in the Nigerian stock market lost about N383 billion worth of their investment in October as performance on the bourse fluctuated throughout the period under review.

The market capitalisation, which represents total value of stock market transactions dropped by N383 billion to close the last trading day of October at N9.350 trillion from N9.733 trillion it opened for the month.

Similarly, the All- Share-Index depreciated by 3.94 per cent to close at 27,220.09 points from 28,335.40 points it begins the month.

Monthly activities on the bourse further showed that the total volume of shares traded on the NSE for the month of October dipped by 53.84 per cent as investors traded 3.67 billion shares worth N32.02 billion transacted in 55,397 deals, lower than 7.95 billion shares valued at N47.39 billion achieved in 65,193 deals in September.

 

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