The Nigerian Stock Exchange (NSE), last week, suffered the biggest weekly losses since April 2019, following massive selloffs and exit of investors, due to regulatory risks in the banking sector, a slump in oil prices, and increasing spread of coronavirus. Specifically, the NSE All-Share Index and market capitalisation both lost 4.28 per cent to close the week at 26,216.46 and N13.658 trillion, respectively. All other indices finished lower with the exception of the NSE Industrial Goods index, which gained 1.08 per cent, while the NSE ASeM Index closed flat. About six equities appreciated at price during the week, lower than 24 in the previous week. Also 58 equities depreciated, higher than 28 in the previous week, while 99 stocks remained unchanged, lower than 111 recorded in the preceding week.

Source: The Guardian March 02, 2020 03:11 UTC