Local Investors Lose N39.09bn WoW As NSEASI Dips By -0.29% To Close Last Week Negative

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Equities market closed today on a positive note, as NSEASI appreciated by +0.19% to close at 27,698.69 points as against -0.13% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -11.87%.

Market breadth closed positive as CUTIX led 17Gainers as against 16 Losers topped by UPL at the end of today’s session- an unimproved performance when compared with previous outlook.

Market turnover closes negative as volume moved down by -27.65% as against -35.33% downtick recorded in the previous session. NB, GUARANTY and FBNH were the most active to boost market turnover. NESTLE and NB topped market value list.

NESTLE leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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