Guaranty Trust Bank Plc, Cadbury Nigeria Plc, and Vitafoam Nigeria Plc have informed their shareholders and other relevant insiders that they have commenced closed period for trading in their shares.
Despite pockets of profit-taking activities in the trading week ended December 4, Nigeria’s stock market still rose by 0.72 percent, market data show.
The market’s positive return year-to-date (YtD) printed higher at +30.91 percent as at Friday.
All the NSE sectoral indexes closed in the red zone in the review trading week except NSE Insurance and NSE Oil & Gas.
With the declines recorded in key sectors of the Exchange, market watchers expect investors to start taking a position in some fundamentally sound stocks seen trading at record low and attractive prices.
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The Nigerian Stock Exchange (NSE) All-Share Index (ASI) and Market Capitalisation appreciated from a week-open low of 34,885.51 points and N18.228 trillion to close the review trading week at 35,137.99 points and N18.365 trillion, respectively.
Investors booked about N137 billion gain in the trading week under review. Month-to-Date (MtD), the market has increased by 0.27 percent.
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.
