BUA Foods, Nascon, International Breweries, others cause market's over N110bn loss

Nigeria’s equities market decreased further by 0.40percent or about N111billion on Tuesday as more investors sold among others the shares of BUA Foods Plc, Nascon Plc, and International Breweries Plc.

Week-to-date (WtD), the market has decreased by 0.47percent while the positive returns year-to-date (YtD) stood lower at 20.76percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased from preceding trading day’s highs of 51,791.45 points and N27.921trillion to 51,586.5 points and N27.810 trillion respectively.

Caverton, Livestock Feeds, Mutual Benefits, others lead H1 underperformers

By Iheanyi Nwachukwu • July 6, 2022

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.