Nigeria’s stock market recorded another session of negative close on Tuesday August 11, driven by decline in prices of largely capitalised stocks like Dangote Cement Plc and Guinness Nigeria Plc. Investors lost about N75billion. The market’s negative returns year-to-date (YtD) increased to -7.30percent.
The All Share Index (ASI) decreased by 0.57 percent to 24,883.70 points while the value of listed equities on the Nigerian Bourse decreased to N12.980trillion from preceding day high of 25,027.61 points and N13.055trillion respectively.
In 3,925 deals, investors exchanged 206,609,577 units valued at N2.475billion. Dangote Cement led the laggards after its share price decreased from N141.8 to N136, losing N5.8 or 4.09percent. Guinness Nigeria Plc also advanced from N15 to N14.5, losing 50kobo or 3.33percent.
Mansard also dipped from N1.58 to N1.45, shedding 13kobo or 8.23percent. Ikeja Hotel Plc also lost, from N1.12 to N1.01, down by 11kobo or 9.82percent; while United Capital dipped from N3.24 to N3.14, losing 10kobo or 3.09percent.
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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.
