Nigeria’s equities market recorded slight increase by 0.02 percent or N6billion on Thursday amid lingering sell pressure on the Bourse.
The record positive close on Thursday was driven by penny stocks like International Energy Insurance Plc, CWG, Caverton Offshore Support Group, John Holt and Linkage Assurance Plc.
At the close of trading session, the market’s benchmark performance indicators – the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding day’s lows of 52,615.51 points and N28.658trillion to 52,626.42 points and N28.664trillion. This year, the market has risen by 2.68 percent.
Read also: Honeywell, Chellaram, other stocks cause market’s N90bn loss
Zenith Bank, GTCO, UBA, Royal Exchange and Access Corporation were top-5 traded stocks on the Nigerian Exchange Limited as investors in
3,183 deals exchanged 129,038,807 shares valued at N1.819billion.
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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.
