Nigeria’s equities market declined marginally by 0.01percent on Tuesday March 26 as only eighteen (18) stocks recorded price increase as against 20 losers.

At the sound of closing gong, the Nigerian Stock Exchange (NSE) All Share Index closed at 31,038.86points against the preceding day close of 31,042.32points while Market Capitalisation closed at N11.671 trillion as against preceding day close of N11.576 trillion. The Year-to-Date (ytd) return stood at -1.25percent.

Presco declined most from N68 to N64.5, losing N3.5 or 5.15percent. Nigerian Breweries plc followed after its share price dipped from N69.5 to N67, losing N2.5 or 3.60percent.

Mobil Oil Nigeria Plc rallied from N167 to N170, adding N3 or 1.80percent. Dangote Cement Plc followed after its share price advanced from N188.5 to N190, up by N1.5 or 0.80percent.

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The volume of stocks traded decreased by 14.83percent from 168.7 million to 143.7 million, while the total value of stocks traded decreased by 55.16percent, from N3.75billion to N1.68billion in 3,457deals.

The Financial Services sector led the activity chart with 103.28million shares exchanged for N861million; Consumer Goods followed with 18.43million shares traded for N266 million.

 

Iheanyi Nwachukwu

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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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