Nigeria’s equities market closed slightly in the green zone on Wednesday November 4 amid a mix of bargain hunting activities in some counters and profit taking in others.
Chemical and Allied Products Plc rallied most, from day-open low of N22.3 to N23, adding 7kobo or 3.14percent, followed by FCMB Group which moved up from N2.9 to N3.05, adding 15 kobo or 5.17percent while GTBank increased from N32 to N32.1, up by 10kobo or 0.31percent.
At the close of remote trading session, the Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.03percent to 30,741.88 points, from preceding day low of 30,733.47points while the market capitalisation increased to N16.068billion.
The market’s year-to-date (ytd) positive return increased to +14.53percent.
Access Bank, Zenith Bank, UBA, Mutual Benefit and Stanbic IBTC were actively traded stocks on the Nigerian Bourse. In 2,889 deals investors exchanged 286,446,480 units valued at N3.094billion.
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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.
