The Nation Newspaper Nigerian equities net N121b gains amid global decline
Nigerian equities showed resilience with a net capital gain of N121 billion at the weekend amid widespread negative sentiments across the global stocks markets.
The performance of the market counteracted the negative position of most global stock indices. United States’ S & P 500 anddropped by 2.2 per cent each. United Kingdom’s FTSE All Share Index depreciated by 1.5 per cent. France’s CAC 40 Index dipped by 0.4 per cent. Germany’s Xetra Dax Index declined by 0.8 per cent. Japan’s Nikkei 225 dropped by 0.8 per cent while India’s BSE Sens declined by 2.5 per cent.
Total turnover at NGX stood at 1.446 billion shares worth N25.418 billion in 28,933 deals last week as against 1.496 billion shares valued at N24.284 billion traded in 29,298 deals two weeks ago.
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