Nigeria’s equities market elevated by 0.81 p.c within the dash back and forth-shortened shopping and selling week ended Friday September 20.
The equities market price elevated by N454 billion within the overview week as investors persisted to abet for corporate earnings of ultimate tier-1 banks.
The document certain shut used to be driven by investors who supplied banking, insurance, and oil & gas shares no topic profit taking in user items and industrial shares.
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This month, the stock market has risen by 1.73 p.c. The Nigerian Change Restricted (NGX) All-Share Index (ASI) and equities market capitalisation preferred from preceding week’s lows of 97,456.62 points and N56.002 trillion to 98,247.99 points and N56.456 trillion.
The market recorded three classes of certain closes as against a day of unfavourable shut. The market’s year-to-date (YtD) return stood higher at 31.39 p.c.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a artistic disclose material creator with over 18 years journalism expertise writing on banking, finance and capital markets. The a pair of awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Stage in Economics from Imo Declare College; Grasp of Science (MSc) Stage in Management from College of Lagos.
Iheanyi has attended several work-linked trainings in conjunction with (i) Developed Writing and Reporting Skills (Pan African College, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, Original Delhi, India); and (iii) Capital Markets Style and Regulations (Global Law Institute {ILI} of Georgetown College, Washington DC, USA).
