In the trading week ended Friday, November 19, investors in Nigeria’s listed stocks lost about N28billion as the market decreased by 0.12percent. The market continued to trade on a bearish note as sell-off activities outweigh demand.
All sectoral indices closed the week in red led by NGX Oil & Gas Index (-3.63percent), followed by NGX Banking Index (-1.60percent) and NGX Consumer Goods Index which was down by 1.40percent week-on-week. Others are: NGX Insurance Index (-0.47percent), NGX Industrial Index (-0.10percent), and NGX Pension Index (-1.92percent).
Read also: Nigeria’s equities investors gain N646bn in week ended Nov. 12
The market has risen by 2.76percent in November. The equities market’s year-to-date (YtD) positive return stood at 7.27percent on Friday.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation which opened the review week at 43,253.01points and N22.572trillion respectively decreased to 43,199.27 points and N22.544trillion.
