{"id":679,"date":"2023-10-02T10:38:55","date_gmt":"2023-10-02T10:38:55","guid":{"rendered":"https:\/\/arritoneconsult.com.ng\/blog\/?p=679"},"modified":"2023-10-02T10:38:57","modified_gmt":"2023-10-02T10:38:57","slug":"investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets","status":"publish","type":"post","link":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/","title":{"rendered":"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets"},"content":{"rendered":"\n

In a turbulent week of trading on the Nigerian Exchange Limited (NGX), Investors Suffer N516 Billion Loss. This significant financial blow was accompanied by a sharp decline in trading volume, which plummeted by a staggering 65.76 percent.<\/p>\n\n\n\n

The week in question was particularly challenging for market participants, as Investors Suffer N516 Billion Loss the exchange operated for only four days due to a public holiday. During this short span, a total turnover of 1.339 billion shares, valued at N17.916 billion, changed hands in 27,874 deals. This starkly contrasted with the previous week, when investors conducted trades involving a total of 3.911 billion shares, valued at N30.379 billion, in 38,536 deals.<\/p>\n\n\n\n

The NGX All-Share Index and Market Capitalization bore the brunt of this downturn, depreciating by 1.40 percent, closing the week at 66,382.14 points and N36.331 trillion, respectively. Apart from a few exceptions, other indices also finished lower. Notably, NGX Insurance, NGX Consumer Goods, NGX Lotus II, and NGX Sovereign Bond managed to buck the trend, posting appreciations of 2.77 percent, 1.59 percent, 0.20 percent, and 0.98 percent, respectively, while the NGX ASeM index remained flat.<\/p>\n\n\n\n

The Financial Services Industry dominated the activity chart, accounting for 70.25 percent of the total equity turnover volume and 63.46 percent of its value. This industry saw the trading of 940.539 million shares valued at N11.370 billion in 14,627 deals. Following closely behind was the Conglomerates Industry, with 95.954 million shares worth N584.249 million traded in 1,760 deals. The Oil and Gas Industry took the third spot with a turnover of 69.323 million shares worth N782.269 million in 1,688 deals.<\/p>\n\n\n\n

The top three equities traded by volume included Access Holdings Plc, United Bank for Africa Plc, and Transnational Corporation Plc, accounting for 34.09 percent and 36.11 percent of the total equity turnover volume and value, respectively. These equities represented 456.454 million shares worth N6.469 billion traded in 6,579 deals.<\/p>\n\n\n\n

The week concluded with 25 equities gaining value, 47 experiencing price depreciation, and 83 remaining unchanged. Beta Glass, Ikeja Hotel, Computer Warehouse Group, Consolidated Hallmark Insurance, and Cornerstone emerged as the top gainers, with their share prices surging by +30.41 percent, +30 percent, +23.57 percent, +20 percent, and +17.52 percent, respectively. Conversely, Oando, FTN Cocoa Processors, Sunu Assurances, Unity Bank, and BUA Cement found themselves at the bottom of the chart, with share prices plummeting by -33.76 percent, -19.68 percent, -14.29 percent, -13.64 percent, and -11.08 percent week-on-week.<\/p>\n\n\n\n

Analysts anticipate that the bearish sentiments witnessed during this week will persist. Market participants are eagerly awaiting potential catalysts and policy pronouncements that could potentially reignite bullish trading in the near future.<\/p>\n\n\n\n

For more news visit https:\/\/arritoneconsult.com.ng\/blog<\/a><\/p>\n\n\n\n

For more educational post visit examhood.com.ng<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a turbulent week of trading on the Nigerian Exchange Limited (NGX), Investors Suffer N516 Billion Loss. This significant financial blow was […]<\/p>\n","protected":false},"author":4,"featured_media":680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nInvestors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets - Arritone Consult<\/title>\n<meta name=\"description\" content=\"Investors Suffer N516 Billion Loss on the Nigerian Exchange as trading volume plunges. Stay updated on market trends\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets - Arritone Consult\" \/>\n<meta property=\"og:description\" content=\"Investors Suffer N516 Billion Loss on the Nigerian Exchange as trading volume plunges. Stay updated on market trends\" \/>\n<meta property=\"og:url\" content=\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/\" \/>\n<meta property=\"og:site_name\" content=\"Arritone Consult\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/arritoneconsult\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T10:38:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-02T10:38:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/stock-exchange.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"275\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Afolashade Adeleke\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@arritoneconsult\" \/>\n<meta name=\"twitter:site\" content=\"@arritoneconsult\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Afolashade Adeleke\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/\"},\"author\":{\"name\":\"Afolashade Adeleke\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/person\/c9c30a63035666e335a35b90c6026111\"},\"headline\":\"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets\",\"datePublished\":\"2023-10-02T10:38:55+00:00\",\"dateModified\":\"2023-10-02T10:38:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/\"},\"wordCount\":435,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/\",\"url\":\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/\",\"name\":\"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets - Arritone Consult\",\"isPartOf\":{\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#website\"},\"datePublished\":\"2023-10-02T10:38:55+00:00\",\"dateModified\":\"2023-10-02T10:38:57+00:00\",\"description\":\"Investors Suffer N516 Billion Loss on the Nigerian Exchange as trading volume plunges. Stay updated on market trends\",\"breadcrumb\":{\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/arritoneconsult.com.ng\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#website\",\"url\":\"https:\/\/arritoneconsult.com.ng\/blog\/\",\"name\":\"Arrritoneconsult.com.ng\",\"description\":\"We are a business consultancy firm that is aimed at instilling value to our customer.\",\"publisher\":{\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/arritoneconsult.com.ng\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#organization\",\"name\":\"Arritone Consult\",\"url\":\"https:\/\/arritoneconsult.com.ng\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/05\/arritoneconsult-black-logo.png\",\"contentUrl\":\"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/05\/arritoneconsult-black-logo.png\",\"width\":861,\"height\":342,\"caption\":\"Arritone Consult\"},\"image\":{\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/facebook.com\/arritoneconsult\",\"https:\/\/twitter.com\/arritoneconsult\",\"https:\/\/instagram.com\/arritoneconsult\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/person\/c9c30a63035666e335a35b90c6026111\",\"name\":\"Afolashade Adeleke\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/abddbb70e23f9aa0b0b8bc4ffa42ad5a252a1b6bdb2f7972f96178ca8cdee5ce?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/abddbb70e23f9aa0b0b8bc4ffa42ad5a252a1b6bdb2f7972f96178ca8cdee5ce?s=96&d=mm&r=g\",\"caption\":\"Afolashade Adeleke\"},\"url\":\"https:\/\/arritoneconsult.com.ng\/blog\/author\/afolashade\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets - Arritone Consult","description":"Investors Suffer N516 Billion Loss on the Nigerian Exchange as trading volume plunges. Stay updated on market trends","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/","og_locale":"en_US","og_type":"article","og_title":"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets - Arritone Consult","og_description":"Investors Suffer N516 Billion Loss on the Nigerian Exchange as trading volume plunges. Stay updated on market trends","og_url":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/","og_site_name":"Arritone Consult","article_publisher":"https:\/\/facebook.com\/arritoneconsult","article_published_time":"2023-10-02T10:38:55+00:00","article_modified_time":"2023-10-02T10:38:57+00:00","og_image":[{"width":275,"height":183,"url":"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/stock-exchange.jpg","type":"image\/jpeg"}],"author":"Afolashade Adeleke","twitter_card":"summary_large_image","twitter_creator":"@arritoneconsult","twitter_site":"@arritoneconsult","twitter_misc":{"Written by":"Afolashade Adeleke","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#article","isPartOf":{"@id":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/"},"author":{"name":"Afolashade Adeleke","@id":"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/person\/c9c30a63035666e335a35b90c6026111"},"headline":"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets","datePublished":"2023-10-02T10:38:55+00:00","dateModified":"2023-10-02T10:38:57+00:00","mainEntityOfPage":{"@id":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/"},"wordCount":435,"commentCount":0,"publisher":{"@id":"https:\/\/arritoneconsult.com.ng\/blog\/#organization"},"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/","url":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/","name":"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets - Arritone Consult","isPartOf":{"@id":"https:\/\/arritoneconsult.com.ng\/blog\/#website"},"datePublished":"2023-10-02T10:38:55+00:00","dateModified":"2023-10-02T10:38:57+00:00","description":"Investors Suffer N516 Billion Loss on the Nigerian Exchange as trading volume plunges. Stay updated on market trends","breadcrumb":{"@id":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/02\/investors-suffer-n516-billion-loss-on-nigerian-exchange-in-a-week-as-trading-volume-plummets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/arritoneconsult.com.ng\/blog\/"},{"@type":"ListItem","position":2,"name":"Investors Suffer N516 Billion Loss on Nigerian Exchange in a Week as Trading Volume Plummets"}]},{"@type":"WebSite","@id":"https:\/\/arritoneconsult.com.ng\/blog\/#website","url":"https:\/\/arritoneconsult.com.ng\/blog\/","name":"Arrritoneconsult.com.ng","description":"We are a business consultancy firm that is aimed at instilling value to our customer.","publisher":{"@id":"https:\/\/arritoneconsult.com.ng\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/arritoneconsult.com.ng\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/arritoneconsult.com.ng\/blog\/#organization","name":"Arritone Consult","url":"https:\/\/arritoneconsult.com.ng\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/05\/arritoneconsult-black-logo.png","contentUrl":"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/05\/arritoneconsult-black-logo.png","width":861,"height":342,"caption":"Arritone Consult"},"image":{"@id":"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/arritoneconsult","https:\/\/twitter.com\/arritoneconsult","https:\/\/instagram.com\/arritoneconsult"]},{"@type":"Person","@id":"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/person\/c9c30a63035666e335a35b90c6026111","name":"Afolashade Adeleke","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arritoneconsult.com.ng\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/abddbb70e23f9aa0b0b8bc4ffa42ad5a252a1b6bdb2f7972f96178ca8cdee5ce?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/abddbb70e23f9aa0b0b8bc4ffa42ad5a252a1b6bdb2f7972f96178ca8cdee5ce?s=96&d=mm&r=g","caption":"Afolashade Adeleke"},"url":"https:\/\/arritoneconsult.com.ng\/blog\/author\/afolashade\/"}]}},"_links":{"self":[{"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/posts\/679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=679"}],"version-history":[{"count":1,"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/posts\/679\/revisions"}],"predecessor-version":[{"id":681,"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/posts\/679\/revisions\/681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/media\/680"}],"wp:attachment":[{"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arritoneconsult.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}