Nigeria’s equities market opened this holiday-shortened trading week on a positive note, rising by N136billion at the close of trading session on Tuesday, the first trading day of the week.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding trading day lows of 51,355.74 points and N27.963 trillion respectively to
51,606.49 points and N28.099trillion.

The market’s positive close was driven majorly by stocks like Honeywell Flour Mills which rose N2.32 to N2.55, adding 23kobo or 9.91percent.

Read also: Here are analysts views on equities market this week

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Also, Berger Paints which increased from N7.60 to N8.35 , up by 75kobo or 9.87 percent and Transcorp which also rose from N2.45 to N2.69, adding 24kobo or 9.80percent.

In 6,404 deals, investors exchanged
2,090,120,673 shared valued at N8.849billion.

Transcorp Access Corporation Fidelity Bank, Zenith Bank and UBA were top-5 traded stocks on Tuesday. The stock market’s positive return year-to-date (YtD) printed at 0.84percent.

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By Iheanyi Nwachukwu • April 25, 2023

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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