Nigeria’s equities market sustained losing streak (-0.05percent) on Tuesday November 30 as investors continued to sell shares to make profit ahead year-end yuletide spending. Listed stocks value decreased further by N12billion

Despite mixed trading sessions of bargains and sell-offs recorded in the market lately, it still closed the month of November with record month-on-month (MoM) increase by 2.88percent, while the market’s year-to-date (Ytd) return still remains positive at 7.39percent.

At the close of trading session on Tuesday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation moved down from preceding day’s highs of 43,270.94 points and N22.578 trillion to 43,248.05 points and N22.566trillion.

Read also: Nigeria’s equities market moves further south by 0.36%

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UPDC Real Estate Investment Trust (REIT) topped the laggards league on Tuesday after its price moved from N4.55 to N4.10, down by 45kobo or 9.89percent, followed by Ikeja Hotel Plc which decreased from N1.35 to N1.22, after losing 13kobo or 9.63percent.

Meanwhile, AIICO gained most on the Bourse after its price increased from 76kobo to 83kobo, adding 7kobo or 9.21percent, while Access Bank followed after increasing from N9.10 to N9.50, up 40kobo or 4.40percent.

In 4,331 deals, investors exchanged 224,910,096 units valued at N3.708billion. Access Bank, Zenith Bank, FBN Holdings, GTCO, and AIICO were most traded stocks on Tuesday.

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By Iheanyi Nwachukwu • November 30, 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.

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