Investors lost N571bn at the end of trading on the floor of the Nigerian Exchange Limited last week.

The NGX All-Share Index and market capitalisation of equities listed on the NGX depreciated by 2.09 per cent to close at 49,664.07 and N26.787tn last week.

All other indices finished lower with the exception of The NGX Insurance, NGX Consumer Goods and NGX Growth Indices which appreciated by 6.00 per cent, 3.00 per cent and 1.56 per cent while, The NGX ASeM index closed flat.

According to the NGX, 33 equities appreciated in price during the week, lower than 41 equities in the previous week.

Twenty- six equities depreciated in price higher than 22 in the previous week, while 97 equities remained unchanged higher than 93 equities recorded in the previous week.

NGX weekly market report showed a total turnover of 1.511 billion shares worth N13.547bn in 20,074 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 705.636 million shares valued at N12.850bn that exchanged hands in previous week in 22,124 deals.

The Financial Services Industry (measured by volume) led the activity chart with 680.202 million shares valued at N4.672bn traded in 9,230 deals; thus contributing 45.02 per cent and 34.48 per cent to the total equity turnover volume and value respectively.

Punch