The Nigerian stock market extended its decline last week as investors lost N140bn.

The Nigerian stock market extended its decline last week as investors lost N140bn.

The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.69 per cent to close the week at 38,382.39 and N20.08tn respectively.

All other indices, however, finished higher with the exception of NSE Mainboard, NSE 30, NSE Insurance, NSE Consumer Goods, NSE Lotus II, NSE Industrial and NSE Growth Indices, which declined by 1.68 per cent, 0.99, per cent, 0.01 per cent, 1.46 per cent, 1.51 per cent, 2.62 percent and 0.25 per cent while the NSE Sovereign Bond Index closed flat.

A total turnover of 2.34 billion shares worth N19.27bn in 20,173 deals were traded last week by investors on the floor of the exchange, in contrast to a total of 1.68 billion shares valued at N23.54bn that exchanged hands in 21,732 deals in the previous week.