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Gomez Corporate Consult Limited
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Our business objective is to assist & serve as a corporate guide to SMEs (Businesses & Corporate bodies from a business name to a value of 1million to 50 billion share capital in assets, revenues and book form) and emerging company promoters (proprietors, shareholders/directors & trustees) using our:- Company registration, Intellectual properties registration, Tax advisory & filings, Post-incorporation applications, Specialized registration services model in an affordable and time-bound process.

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Business

Stock market dips by 0.39% as investors take profit after recent rally

Stock market dips by 0.39% as investors take profit after recent rally


Investors who took profit majorly in consumer goods and oil & gas stocks fuel market dip by 0.39 percent despite mild bargains in industrial and insurance stocks.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding day’s highs of 121,257.69 points and N76.761trillion respectively to 120,772.68 points and N76.453 trillion.

Stocks like NAHCO, Oando and Champion Breweries and other major laggards contributed in dipping the market.

Read also: Okomu, Beta Glass, others push NGX-ASI higher by 1.02%


NAHCO decreased from preceding trading day’s high of N101.10 to N91, down by N10.10 or 9.99 percent.

Likewise, Oando decreased from N68.75 to N61.90, losing N6.85 or 9.96 percent, while Champion Breweries was down from N10.91 to N10, losing 91kobo or 8.34 percent.

In 25,375 deals, investors exchanged 892,970,944 shares worth N18.225 billion. Ellah Lakes, Caverton, Access Holdings, Japaul Gold and Zenith Bank were actively traded stocks on Thursday.

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).



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