The Nigerian stock market closed the week on a negative note on Wednesday, wiping out N900 billion in investors’ wealth after four consecutive days of gains.
The Nigerian equities market posted a positive performance on Tuesday as investors added N1.287 trillion to their portfolios.
In spite of the decline, market breadth closed positive with 32 gainers compared to 21 losers.
The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N88.199 trillion, rose by N254 billion, or 0.29 per cent, to close at N88.453 trillion.
The All-Share Index also declined by 0.42 per cent or 580.48 points, to close at 138,157.16, against 138,737.64 reported on Tuesday.
The stock market opened the week on a downturn Tuesday.
The gain represents 1.63 per cent, closing at 41.583 trillion, compared to N40.917 trillion recorded on Friday.
“Nigeria excels in football in Africa and China in table tennis.’’
The resolutions were sequel to the point of Order raised by Senator Francis Alimikhena (PDP-Edo) at the plenary.
He said that the new administration was committed to turning around the fortunes of Nigeria and solicited the maximum support of the citizens.
