Nigeria’s equities market which opened the month of April in red, decreased further by 0.27percent or N84billion on Tuesday April 4.
The record consecutive negative close this month pushed lower this year’s record positive return to 5.43percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased from preceding day’s high of 54,184.34 points and N29.517trillion respectively to 54,035.39points and N29.436trillion.
Read also: FMDQ Exchange lists Dangote Industries Funding N300bn bonds on its platform
The stock market’s weak performance was caused majorly by continued selloffs in stocks like Zenith (-2.52percent), GTCO (-3.15percent) and Lafarge Africa (-0.77percent).
Analysis of Tuesday’s market activities showed trade turnover settled higher relative to the preceding day’s session, with the value of transactions up by 28.82percent.
The market recorded total of 296.74million units of shares traded in 4,590 deals and valued at N3.07billion.
Get Newsletter Updates
Enjoying our column?
Subscribe to our specialised **Tax 360** feed to receive fresh reports and analyses directly in your inbox.
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.
