Nigeria’s equities market closed further in the green zone on Thursday as increased buy-side activities pushed prices higher.

Okomu Oil Palm Plc recorded the highest gains on the Bourse after its share price moved up from N143.50 to N149.70, adding N6.20 or 4.32percent.

FBN Holdings Plc also rallied on the Nigerian Exchange Limited (NGX) after its share price moved up from N11.60 to N12.40, adding 80kobo or 6.90percent.

It was followed by that of Axa Mansard Insurance Plc which increased from day-open low of N2.16 to N2.37, up by 21kobo or 9.72percent.

Read also: Equities market sees first gain this week

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In 4,227 deals, investors exchanged 256,020,806 shares valued at N3.66billion. Fidelity Bank Plc, UACN Plc, Chams Plc, Zenith Bank Plc and Access Holdings Plc were actively traded stocks on the Bourse.

The market’s benchmark performance indicator –All Share Index (ASI) increased by 0.13percent from preceding day’s low of 46,904.48 points to 46,965.48 points on Thursday.

Likewise, the value of stocks listed on the Nigerian Exchange Limited (NGX) increased further by about N33billion, from preceding day’s N25.278billion to N25.311billion

The market’s positive return year-to-date (YtD) reached new high of 9.95percent.

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By Iheanyi Nwachukwu • April 1, 2022

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.

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