Nigeria’s equities market opened this new trading week on a negative note, as investors still in their holiday mood approached the market for profit after last week’s rally.
The market decreased by 0.08 percent on Wednesday while its year-to-date (YtD) return lowered to 33.53 percent.
Read also: Foreign investors uptick in sight for Nigeria’s equities market
Despite increased buy-side activities in banking, and oil & gas stock, profit taking in insurance and consumer goods stocks still dipped the market.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased from preceding trading day’s highs of 99,925.29 points and N56.526trillion respectively to 99,842.19 points and N56.478trillion.
In 9,899 deals, investors exchanged 1,383,477,941 shares worth N16.484billion.
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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.
