Nigerian stock market investors recorded a loss of around 532 billion naira, during the trading week that ended on Friday, March 21. And for good reason, the sustained selling pressure has kept activities on the local stock exchange at a moderate level.

The stock market fell by 0.94% during the trading week, while this month it fell by 2.65%. This year's return was also moderate, at +1.98% on Friday, March 21

Industrial, banking, insurance, oil and gas stocks were mostly sold while consumer goods stocks were slightly requested from the NGX.

The Nigerian stock market recorded only one positive closing day versus four negative closing days, defying the cautious optimism of analysts that bargain hunters will emerge during the week under review.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and stock market capitalization that started the week at 105,955.13 points and 66,351 billion naira closed at 104,962.96 points and 65,819 billion naira respectively.