Nigeria’s stock market rose by 0.30percent on Thursday, the third consecutive positive close this week. The year-to-date (YtD) positive return has risen by 2.09 percent.
The market increased further as investors showed interest in shares of newly listed BUA Foods which made its price move from N44 to N48.40, up by N4.40 or 10 percent. It was followed by that of Livestock Feeds which increased from N1.93 to N2.05, up by 12kobo or 6.22 percent.
Read also: Early year rally puts Nigeria stock market on positive path
The Nigerian Exchange Limited (NGX) All Share Index (ASI) moved to new high at the close of trading session on Thursday, reaching 43,607.94 points from 43,476.75 points the preceding day.
The value of listed stocks on the Nigerian Exchange increased to N23.497trillion.
FBN Holdings, UBA, Transcorp, BUA Foods and Zenith Bank were actively traded stocks on the Bourse. In 3,715 deals, investors exchanged 174,610,725 shares valued at N2.132 billion.
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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.
