The Nigerian stock market began the week on a positive note, as investors gained N443 billion amid renewed buying interest.
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.
Market analysts said, “Sustained demand in fundamentally strong stocks continues to drive the upward trend.”
The Nigerian stock market rebounded on Thursday, with investors recording gains of N233 billion amid renewed buying interest in equities.
The market breadth also closed positively with 47 gainers and 24 losers.
The Nigerian stock market has recorded its second positive performance in the week, as N13 billion was added to investors’ wealth.
The Nigerian stock market extended last week’s losses on Monday as investors shed N68 billion through sustained profit-taking.
The Nigerian stock market maintained its bearish streak on Tuesday, shedding N612 billion.
The market capitalisation, which opened at N89.626 trillion, declined by 0.08 per cent or N71 billion, to close at N89.555 trillion.
The Nigerian Police Force Microfinance Bank lost by 7.25 per cent, closing at N3.20 per share.
