Nigeria’s stock market failed to sustain previous day’s gain on Thursday following a trading session of negative close on the Bourse.
Unilever led the laggards league after its share price dropped from a high of N10.85 to N9.95, losing 90kobo or 8.29percent.
Champion Breweries led the gainers after its share price moved up from preceding day’s N3.20 to N3.45, adding 25kobo or 7.81percent.
The market decreased by 0.10 percent or N25billion, pushing the record positive return year-to-date (YtD) lower to +3.56percent.
Read also: Stocks lose N41bn as week opens
The Nigerian Exchange Limited (NGX) All Share Index (ASI) and its market capitalisation deppreciated from preceding day highs of 44,283.02 points and N24.119trillion to 44,236.7 points and N24.094trillion.
In 3,389 deals, investors exchanged 215,154,016 shares valued at N1.905billion.
Get Newsletter Updates
Enjoying our column?
Subscribe to our specialised **Tax 360** feed to receive fresh reports and analyses directly in your inbox.
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.
