Investors lose N46bn as equities market fails to sustain gain -

Companies have made a brisk start to 2022, raising more than $100 billion on the bond market in the first week of this year

Investors in Nigeria’s stock market booked loss of about N46billion on Thursday December 16 as the Bourse failed to sustain preceding trading day’s gain.

Increased sell-side activity on the Nigerian Exchange was driven largely by investors who sold stocks like CAP Plc, Livestock Feeds Plc, UPDC Plc and Cutix Plc.

While CAP led the decliners list, moving from preceding day high of N19.30 to N18.20, down by N1.10 or 5.70percent, NGX Group rallied most from day open low of N17.85 to N18.55, up by 70kobo or 3.92percent.

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By Iheanyi Nwachukwu • December 17, 2021

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.