The stock market of Africa’s largest economy on Tuesday saw its first decline this week, shedding 0.13 percent of its preceding day’s value.
UACN led the decliners after its share price decreased from N9.80 to N9.20, shedding 60kobo or 6.12percent, followed by FCMB Group which decreased from N4.99 to N4.60, down by 39kobo or 7.82percent. The stock market’s year-to-date (YtD) return decreased to 5.95percent.
In 4,380 deals, investors exchanged 200,035,312 shares valued at N7.622billion. FCMB, Geregu, Sterling Bank, Transcorp and Zenith Bank were top-5 traded equities on the Nigerian Bourse.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding day’s 54,367.74 points and N29.609trillion respectively to 54,299.76 points and N29.575trillion at the close of trading on Tuesday.
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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.
