Stock market opens H2'21 on a slightly negative note

Trading on Nigerian Exchange Limited (NGX) opened the second half (H2) of the year 2021 on a slightly negative note (-0.02percent), signalling the possibility of rebound after record sell pressure last month.

The stock market’s negative return at the close of the trading session on Thursday, July 1, 2021, stood at -5.89percent.

The Nigerian Exchange Limited (NGX) equities market capitalisation and its All Share Index (ASI) which had opened for trading on Thursday at N19.760 trillion and 37,907.28 points respectively decreased slightly to N19.755trillion and 37,898.56 points. Stocks value rose by about N5billion at the close of the trading session.

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By Iheanyi Nwachukwu • July 2, 2021

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.