Nigeria’s equities market’s return year-to-date (YtD) has risen by 12.15 percent driven by 3.30 percent increase seen in the month of June.

The stock market traded for three days in the week ended Friday June 13 due to public holidays on Monday June 9 to mark this year’s Eid-ul-Adha celebration and June 12 to mark Nigeria’s democracy day. Investors recorded about N513billion gain in the review week.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation moved higher from last week’s close of 114,616.75 points and N72.275 trillion to 115,429.54 points and N72.788trillion.

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The market increased by 0.71 percent in the review trading week, driven majorly by consumer goods and industrial stocks despite profit taking in oil & gas and insurance stocks.

NGX Consumer Good Index increased week-on-week by 1.32 percent, while NGX Industrial Index rose by 1.21 percent. NGX Oil & Gas Index decreased most by 1.22 percent, while NGX Insurance Index decreased by 0.11 percent.

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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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