The Nigerian stock market opened this new trading week (Monday September 20) in red, no thanks to shares of SCOA Plc which decreased most from day-open high of N1.06 to 96kobo, down by 0.10percent or 9.43percent as against CHI Plc which rallied most, from 52kobo to 57kobo, up by 5kobo or 9.62percent.
At the close of trading session, investors lost about N20billion, while the Year-to-Date (YtD) negative return stood higher at -3.39percent.
Read also: Stocks gain N11bn in week ended Sept. 17
The Nigerian Exchange Limited (NGX) All Share Index (ASI) and the Market Capitalisation decreased from preceding trading day’s highs of 38,943.87 points and N20.290trillion to 38,906.42 points and N20.270trillion.
In 3,462 deals, equity traders exchanged 190,959,987 units valued at N2.353billion. UBA, Fidelity Bank, Transcorp, and Sovereign Trust Insurance were actively traded stocks on Monday.
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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.
