Nigeria’s equities market on Thursday failed to sustain previous day’s gain, dipping by 0.09percent or N20billion.
Guinness Nigeria led the laggards after its share price moved down from N67.20 to N60.50, losing N6.70 or 9.97percent. United Capital followed after dipping from N12 to N11.30, shedding 70kobo or 5.83 percent.
The market’s negative close pushed lower its record return year-to-date (YtD) to +3.03percent.
The Nigerian Exchange Limited (NGX) All Share Index (ASI) and equities Market Capitalisation decreased from preceding day’s highs of 44,050.44 points and N23.991trillion 44,011.22 points and N23.971trillion.
Read also: Zenith, MRS, GTCO, Lafarge cause market to see first gain this week
In 2,980 deals, investors exchanged 97,699,441 shares valued at N847.882million. Transcorp, Access Corporation, Sterling Bank, GTCO and NAHCO were top-5 traded stocks on the Nigerian Exchange Limited.
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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.
