Nigeria’s equities market gained further traction on Monday, October 4, the first trading day in this new month. The market advanced slightly by 0.05 percent at the close of the trading session.

AXA Mansard led the advancers’ league after its share price moved up from N2.33 to N2.56, up 23kobo or 9.87percent. Pharma-Deko moved up from N2.35 to N2.58, up 23kobo or 9.79percent.

Equity investors gained N14billion at the close of the remote trading session on the Exchange.

Also, on the top gainers list is University Press which rose from N1.23 to N1.35, up 12kobo or 9.76percent. CHI Plc increased from 57kobo to 62kobo, up 5kobo or 8.77percent, while Eterna Plc rose from N7 to N7.60, up by 60kobo or 8.57percent.

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Read also: Nigerian Equities: What to expect this week

The Nigerian Exchange Limited (NGX) All Share Index (ASI) and market capitalisation closed at 40,243.05 points and N20.969trillion respectively as against preceding trading day’s lows of at 40,221.17 points and N20.955trillion. The market’s negative return year-to-date (YtD) stood at -0.07percent.

Fidelity Bank, GTCO, FBN Holdings, Universal Insurance and Champion Breweries Plc were most traded stock Monday on the Nigerian Bourse. In 4,066 deals, investors exchanged 202,355,622 units valued at N1.864billion.

Subscription for the Federal Government of Nigeria Savings Bond Offer opened on Monday October 4. The subscription remains open for five days till October 8 at the following rates: 2-Year FGN Savings Bond due October 13, 2023: 6.899 percent; 3-Year FGN Savings Bond due October 13, 2024: 7.899 percent.

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By Lolade Akinmurele • October 4, 2021

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.

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