Stock market rises further by 0.15%

Nigeria’s equities market moved further in the green zone on Thursday by 0.15percent or N43billion as buy side activities strengthened on the local Bourse.

The market closed north, thanks to Lafarge Africa Plc which led the gainers league after its share price moved up from N28.90 to N31.75, adding N2.85 or 9.86percent, followed by Fidson Healthcare which rose from N10.35 to N11.38, adding N1.03 or 9.95percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and market capitalisation increased from preceding day’s lows of 52,838.45points and N28.485trillion respectively to 52,917.76 points and N28.528trillion.

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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.