Nigeria’s equities market increased by 0.48percent in the trading week ended Friday March 10.
The positive close in the review trading week came as investors bought industrial and insurance stocks despite sell pressure on banking, consumer goods and oil & gas stocks.
Investors booked about N144billion gain despite mixed trading sessions. The market recorded three days of positive closes, one day of negative and flat closes.
This month, the market has decreased by 0.02percent, while year-to-date (YtD) it has risen by 8.87percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation which opened the review week at 55,529.21 points and N30.250 trillion respectively increased to 55,794.51 points and N30.394trillion.
As investors anticipate more full-year earnings results, analysts had expected mixed sentiments in the week under review.
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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.
