Equities market up by 1.19% in week ended November 18

Nigeria’s stock market increased by 1.19percent in the trading week ended Friday, November 18 as investors saw bargain opportunities in large-cap stocks.

The market’s performance indicators – Nigerian Exchange Limited (NGX) All Share Index (ASI) and equities Market Capitalisation – which had opened the review trading week at 43,968.75 points and N23.948trillion increased to 44,492.73 points and N24.233trillion.

Investors booked about N285billion gain at the end of the review trading week. The record rise in the review trading week came amid three (3) days of negative closes and two (2) days of positives.

Nigerian Breweries, others cause market’s N93bn gain as week opens

By Iheanyi Nwachukwu • November 21, 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.