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Forums  /  General Discussion  /  Market Place v  /  Oando, SEC tussle drags stock market’s indices by 2.05 per cent
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Oando, SEC tussle drags stock market’s indices by 2.05 per cent
Edoman Offline
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#1
06-13-2019, 02:51 PM
Oando, SEC tussle drags stock market’s indices by 2.05 per cent

[/url]

[url=https://guardian.ng/business-services/africa-must-integrate-to-grow-says-adesina/]

[Image: Nigeria-Stock-Exchange.jpg]Nigeria Stock Exchange (NSE). Photo/rainbowfm
The nation’s equity market closed trading on a volatile note last week, consolidating three consecutive sessions of losses after the two-day public holiday for Eid Mubarak.

The consistent downturn during the sessions, which pulled the All-Share Index (ASI) by 2.05 per cent followed the dwindling investor confidence due to the face-off between the Securities Exchange Commission (SEC) and Oando Plc.

Specifically, the index and market capitalisation depreciated by 2.05 per cent and 2.06 per cent to close the week at 30,432.13 points and N13.402 trillion respectively.

Similarly, all other indices depreciated with the exception of the NSE Premium Index, NSE-AFR Bank Value Index and NSE MERI Growth Index which appreciated by 1.07 per cent, 0.02 per cent and 0.05 per cent respectively.
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