Nigeria’s equities market opened this new week in red as market’s key indices continued to trade southwards.
Twenty (20) stocks lost their values on the Bourse while on 12 gained. The market decreased by 0.09percent on Monday November 29.
Investors lost about N20billion, no thanks to those who moved to sell mostly shares of UPDC, forcing its price to dip most from N1.31 to N1.18, down by 13kobo or 9.92percent.
Read Also: Nigeria’s equities market loses N28bn in one week
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation which opened the week at 43,308.29 points and N22.598trillion closed at 43,270.94 points and N22.578 trillion. The market’s positive return year-to-date (YtD) decreased to +7.45percent.
In 4,105 deals, equity traders exchanged 213,126,324 units valued at N2.359billion.
FCMB, AIICO, Zenith Bank, GTCO and Access Bank were most traded stocks on the Bourse.
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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.
