The Nigerian Stock Exchange (NSE) All Share Index (ASI) decreased further by 0.91percent on Wednesday, moving from 29,378.63 points to 29,103.21 points at the close of trading session.

This record dip increased the week-to-date (WtD) negative return to -1.75 percent, while the positive return year-to-date (YtD) dropped to +8.45percent.

The value of listed stocks on the Nigerian Bourse decreased to N14.99trillion from preceding day high of N15.13trillion, down by N142billion.

The share price of MTNN recorded the highest decline after it moved from day open high of N125 to N120, losing N5 or 4percent.

GTBank Plc also dropped from N31 to N30, losing N1 or 3.23percent. Also on the top laggards league include Unilever Nigeria Plc which declined from N15.8 to N15, shedding 8kobo or 5.06percent.

The share price of UAC of Nigeria plc also moved down from N10.55 to N10.1, losing 45kobo or 4.27percent, while Access Bank Plc decreased from N10 to N9.65, shedding 35kobo or 3.50percent. Flourmills led the advancers list after moving from N21.15 to N22.35, gaining N1.2 or 5.67percent.

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Nigerian Breweries Plc was also on the top gainer list, after rising from N54 to N55, up N1 or 1.85percent. Union Bank of Nigeria Plc stock price rose from N5.9 to N6, adding 10kobo or 1.69percent.

Oando Plc increased from N3.64 to N3.74, adding 10kobo or 2.75percent, while Unity Bank Plc moved up from 60kobo to 65kobo, adding 5kobo or 8.33percent.

Zenith Bank, Unilever, GTBank, FCMB were actively traded stocks.  In 2,789 deals, equity dealers exchanged 209,583,630 units valued at N4.003billion.

 

Iheanyi Nwachukwu

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By Iheanyi Nwachukwu • January 29, 2020

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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