Stock market of Africa’s largest economy moved further in the green zone on Thursday January 7 as more investors continued to cherry-pick attractive counters across sectors, particularly those that are trading below analysts’ target prices.

Sepal Petroleum Development Company Plc led the counters on the bid cart, pushing it share price from N410 to N451, adding N41 or 10percent.

Nigerian Breweries Plc also advanced from N56 to N58, after adding N2 or 3.57percent. Ardova moved up from N13.55 to N14.9, adding N1.35 or 9.96percent.

Read also: Here are the stocks that pushed NSE ASI higher

Related News

Dangote Sugar Refinery Plc increased from N18.3 to N19, up by 70kobo or 3.83percent, while GTBank Plc moved up from N32.5 to N33, adding 50kobo or 1.54percent.

At the close of trading, the Nigerian Stock Exchange (NSE) All-Share Index appreciated by 0.31percent, from preceding day low of 40,465.15 points to 40,590.85 points while the value of listed stocks increased from a low of N21.158trillion to N21.224trillion, up by N66billion.

The market’s year-to-date (YtD) return stood at 0.79percent. In 4,558 deals, investors exchanged 2,133,489,269 units valued at N7.509billion.

Champion Breweries Plc, UBA Plc, Dangote Sugar, Fidelity Bank and Access Bank Plc were actively traded stocks on the Bourse.

More from our Markets Column
Read Next
CSCS says super-excited at the prospects of year 2021

CSCS says super-excited at the prospects of year 2021

By Iheanyi Nwachukwu • January 7, 2021

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.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp