Market opens week on a negative note as protest eases

Nigeria’s equities market opened the new week on a negative note despite gradual reopening of businesses as protest eases in Africa’s most populous nation.

Shares of Zenith Bank, UBA, Veritas Kapital, Oando and Access Holdings were actively traded on the Lagos Bourse as investors in 9,738 deals exchanged 324,019,567 shares worth N6.217billion.

At the close of trading on Monday, the Nigerian Exchange Limited (NGX) All-Share Index and equities market capitalisation depreciated further on Monday by 0.17 percent to 97,582.41 points and N55.404trillion respectively as against preceding trading day’s 97,745.73 points and N55.497 trillion.

- Advertisement -

May & Baker decreased most, from N7.04 to N6.50, after losing 54kobo or 7.67percent. It was followed by that of Chams which decreased from N2.20 to N1.98, after losing 22kobo or 10percent, while University Press decreased from N2.42 to N2.18, losing 24kobo or 9.92percent.

TAGGED:bdothernews

Share This Article

ByIheanyi Nwachukwu

Follow:

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.