Nigeria’s equities market recorded its second decline this week, following its dip by 0.02percent on Thursday.
The market which took off this week on a negative note, later routed north on Tuesday and Wednesday.
But at the close of trading session on Thursday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its equities Market Capitalisation depreciated from preceding day’s 54,936.11 points and N29.927trillion respectively to
54,924.08 points and N29.920trillion.
Read also: Secondary market turnover on FMDQ Exchange rises to N14.66trn
NCR led the league of decliners after its share price moved down from N2.61 to N2.35, losing 26kobo or 9.96 percent. AXA Mansard also decreased from N2 to N1.85, down by 15kobo or 7.50percent.
In 2,575 deals, investors exchanged 117,850,276 shares valued at N1.398trillion. Transcorp, Fidelity Bank, FBN Holdings, Royal Exchange and UBA were top-5 traded stocks on Thursday.
The market’s positive return year-to-date (YtD) printed lower at +7.17percent.
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.
