Nigeria’s stock market rose slightly by 0.02percent or N5billion on Tuesday, halting record six days of negative closes.

Thanks to investors who raised bets in banking, insurance and industrial stocks.

NEM Insurance Plc led the gainers after its share price increased from N2.25 to N2.42, up by 17kobo or 7.56percent, while Seplat Energy Plc dipped most, from N650 to N615, shedding N35 or 5.38percent.

Read also: Securities dealers trade N1.544trn worth of Nigeria’s stocks in 10 months

Related News

The Nigerian Exchange Limited (NGX) All Share Index (ASI) increased from Monday’s low of 42,008.60 points to 42,018.92 points while the value of listed stocks on the Bourse increased to N21.925trillion from preceding day’s low of N 21.920trillion, up by N5billion.

FBN Holdings, Sterling, ETI, GTCO and Fidelity Bank were most traded stocks Tuesday on the Nigerian Exchange. In 4,564 deals, investors exchanged 639,442,224 units valued at N6.626billion.

The stock market’s positive return year-to-date (YtD) increased to 4.34percent at the close of trading session on Tuesday.

More from our Markets Column
Read Next
Nigeria’s SEC to commence regulatory fee on Fixed Income transactions from Jan. 1

SEC says identity management will resolve unclaimed dividends, other issues

By Iheanyi Nwachukwu • December 8, 2021

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.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp