A total of 3.57 billion shares valued at N107.01 billion were traded in 146,429 deals on the stock market between November 3 and November 7, according to the Nigerian Exchange Limited (NGX).
The NGX weekly market report showed that the transaction value was lower compared to the previous week, when investors traded 7.47 billion shares valued at N145.42 billion in 159,487 deals.
The figure indicates a 26.41 percent turnover decrease within the five-day period, signalling a spillover effect of United States President Donald Trump’s threat of military action in Nigeria.
Also, the NGX said the market capitalisation depreciated to N94.99 trillion this week, from the N97.82 trillion reported the previous week.
According to the bourse, the decline followed a 2.99 percent drop in the all-share index (ASI), which fell from 154,126.46 ASI to 149,524.81 ASI.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
