The market activity witnessed an overall decline in volume, value and deals.
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 equities market closed lower on Wednesday, reversing previous gains and eroding investors’ wealth by N352 billion.
The market breadth closed negative with 39 losers and 17 gainers.
A total turnover of 2.422 billion shares worth N76.618 billion in 126,591 deals was traded by investors this week.
Meanwhile, investors traded 8.403 billion shares worth N115.501 billion in 115,801 transactions this week.
Accordingly, investors gained N441 billion in value as market capitalisation went up to N29.642 trillion.
The negative performance of the market was driven by price depreciation in large and medium capitalised stocks.
The gain was driven by price appreciation in large and medium capitalised stocks.
