In line with most market watchers’ expectation of quiet sessions this week, Nigeria’s equities market on Tuesday closed flat.

Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its Market Capitalisation increased from the preceding day’s 49,414.96 points and N26.914 trillion respectively to 49,416.18 points and N26.915 trillion.

Also, the year-to-date (YtD) return of the stock market has risen by 15.68 percent. Equities value increased by N1 billion on Tuesday, while the market closed flat (0.00 percent). This month, the market has risen by 3.68 percent.

Read also: Investors trade stocks worth N2.183trn in eleven months

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Vitafoam share price increased most on Tuesday, from N21 to N21.75, up by 75kobo or 3.57percent, followed by Ardova which rose from N16.70 to N17.40, adding 70kobo or 4.19percent.

Neimeth dipped most, from N1.45 to N1.31, after losing 14kobo or 9.66percent, followed by SCOA which decreased from 85kobo to 77kobo, losing 8kobo or 9.41percent.

GTCO, Consolidated Hallmark Insurance, UBA, FTN Cocoa, and Access Corporation were top-5 traded counters on the Exchange as investors in 3,186 deals exchanged 100,093,729 shares valued at N1.295billion.

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By Iheanyi Nwachukwu • December 21, 2022

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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