Nigeria equities market decreases further by 0.44%

Nigeria’s stock market closed further in the red zone on Thursday by 0.49percent or N23billion amid investors low appetite for equities ahead of second quarter (Q2) scorecards.

The stock market’s positive return year-to-date (YtD) printed lower at 20.19 percent.

Transcorp, International Breweries, FBN Holdings, Zenith Bank and Sterling Bank were top 5 traded stocks on the Nigerian Bourse.

In 3,731 deals, investors exchanged 115,410,147 shares valued at N1.205billion.

Related News

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased further on Thursday from preceding trading day’s highs of 51,390.25 points and N27.713trillion respectively to 51,339.01 points and N27.685trillion.

Champion Breweries led the top losers league after its share price decreased from N3.89 to N3.55, down 34kobo or 8.74 percent.

It was followed by Ikeja Hotel Plc which also dropped from a high of N1.30 to N1.20, down 10kobo or 7.69 percent.

Also, International Breweries was down from N5.80 to N5.50, losing 30kobo or 5.17percent.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp