Nigeria’s equities market opened this week on a positive note, rising by 0.45 percent at the close of trading session on Monday, October 11.
Thanks to stocks like BUA Cement, May & Baker, Ikeja Hotel and others that caused the record new high.
BUA Cement led the gainers league after its share price moved up from preceding day low of N52 to N56.50, up N4.50 or 8.65percent.
Read also: Forex market in perfect storm, naira may hit N750/$ – Rewane
The market’s year-to-date (YtD) positive return increased to 11.35percent.
The market’s All-Share Index (ASI) rose from a low of 47,351.43points to 47,565.92points
while its Market Capitalisation increased from N25.791trillion to N25.907trillion.
Investors booked N116billion gain on Monday. In 4,188 deals, investors exchanged 125,652,029 shares valued at N1.902billion.
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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.
