Nigeria’s equity market has reportedly lost ₦28billion in the trading week that ended yesterday as the market decreased by 0.12 per cent.
Although, the market rose by 2.76 per cent in November. The equities market’s year-to-date positive return stood at 7.27 per cent on Friday.
All sectoral indices closed the week on a bearish note. The NGX Oil & Gas Index fell by 3.63 per cent, followed by NGX Bank Index which dropped by 1.60 per cent and NGX Consumer Goods Index which was down by 1.40 per cent.
Others are NGX Insurance Index which dropped by 0.47 per cent, NGX Industrial Index by 0.10 per cent and NGX Pension Index by 1.92 per cent.
The Nigerian Exchange Limited (NGX) All Share Index (ASI) and Market Capitalisation decreased to 43,199.27 points and ₦22.544 trillion respectively, from 43,253.01 points and ₦22.572 trillion.
