Stock market moves further south by 0.24%

Nigeria’s equities market continued its losing streak on Tuesday, dipping by 0.24 percent or N62 billion. Neimeth International Pharmaceuticals, Nigerian Breweries, Caverton, ETI, Union Bank and other stocks led the market to a negative close.

Neimeth decreased from N1.38 to N1.27, down by 11kobo or 7.97 percent. Nigerian Breweries also decreased, from N48.95 to N45.20, down by N3.75 or 7.66 percent.

Caverton dipped from 88kobo to 83kobo, down by 5kobo or 5.68 percent. Likewise, ETI decreased from N10.65 to N10.10, down by 55kobo or 5.16 percent. Union Bank dipped from N6.55 to N6.25, down by 30kobo or 4.58 percent.

Stock market increased by N2.08trn in November

By Iheanyi Nwachukwu • November 30, 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.