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Stock market opens H2’21 on a slightly negative note

Iheanyi Nwachukwu
1 Min Read
The stock market has rallied by 2.49percent in this month of July

Trading on Nigerian Exchange Limited (NGX) opened the second half (H2) of the year 2021 on a slightly negative note (-0.02percent), signalling the possibility of rebound after record sell pressure last month.

The stock market’s negative return at the close of the trading session on Thursday, July 1, 2021, stood at -5.89percent.

The Nigerian Exchange Limited (NGX) equities market capitalisation and its All Share Index (ASI) which had opened for trading on Thursday at N19.760 trillion and 37,907.28 points respectively decreased slightly to N19.755trillion and 37,898.56 points. Stocks value rose by about N5billion at the close of the trading session.

Read also: Nigeria’s stock buyers caught in web of N1.2trn loss

The share price of Royal Exchange Plc dipped most, from 61kobo to 55kobo, losing 6kobo while Tripple G rallied most, from 70kobo to 77kobo, adding 7kobo.

GTCo, Mutual Benefit, Wema Bank, Courteville and Zenith Bank were most traded stocks on the NGX Limited.

In 3,563 deals, investors exchanged 205,450,099 units valued at N2.732billion.

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Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).