Stock investors retained their sell positions in Nigerian stock market on Monday, December 7, resulting in a decline by 0.21 percent at the close of trading.
Large cap stocks like Dangote Cement Plc, Dangote Sugar Refinery Plc and GTBank were mostly offered for sale on the Bourse.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) decreased to 35,064.36 points from day-open high of 35,137.99 points, while market capitalisation stood at N18.365 trillion.
Read also: Nigeria must embrace open markets, the main drivers of innovation and growth
In 4,392 deals, investors exchanged 292,861,035 units valued at N4.285 billion. Dangote Cement Plc decreased most from N205 to N199, losing N6 or 2.93 percent.
It was followed by Dangote Sugar Refinery Plc which dropped from day-open high of N19.5 to N19, shedding 50kobo or 2.56 percent.
GTBank Plc was also down, from N33.6 to N33.25, losing 35kobo or 1.04 percent.
FBN Holdings, UBA, Access Bank, Mutual Benefit and Ecobank Transnational Incorporated were actively traded stocks on Monday.
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Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
