Berger Paints, other major advancers push ASI higher by 0.41%

Nigeria’s stock market increased further by 0.41percent on Wednesday, its third consecutive rally this week.

Market watchers believe that the market is positioned on a cautiously optimistic footing ahead of MPC meeting.

Stocks that attracted value pickers include Berger Paints which led the league of market’s major gainers at the close of trading.

The paint maker’s share price rose from day-open low of N35.50 to N39, adding N3.50 or 9.86 percent. Chellarams, another major gainer rallied from a low of N11 to N12.10, adding N1.10 or 10 percent. Also, FTN Cocoa rose from N5.40 to N5.94, adding 54kobo or 10 percent. Sunu Assurances rallied from a low of N5.50 to N5.99, adding 49kobo or 8.91 percent.

N22 billion Aradel shares traded in largest single-day deal since NGX listing

By David Olujinmi • September 10, 2025

Iheanyi Nwachukwu

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.