Stock Market Transactions Dip By 41% To N937.8b

Transactions at the Nigerian stock market have dropped by 41.3 per cent to N937.8 billion in the past six months as investors rued macroeconomic uncertainties amid political risks and increased insecurity. 

Official reports by the Nigerian Stock Exchange (NSE) tracked by The Nation at the weekend showed that total transactions at the equities market stood at N937.79 billion during the past six months, a decline of 41.3 per cent or N659 billion from N1.597 trillion recorded in the corresponding period of 2018. 

The performance in first half 2019 however represented a marginal increase of 0.27 per cent or N2.53 billion on N935.26 billion recorded in first half of 2017. The reports showed the market appeared to follow the political trend with headline performances during the key political months. 

Transactions built up in February, which was earlier scheduled for the general elections and slowed down in the next month following the postponement of the general elections and rescheduling to March.

(The Nation)