Nigeria’s equities market furthered its northward movement on Wednesday, April 26 after rising by 0.95percent or N268billion.

The market’s positive close was driven by TotalEnergies Plc, Cadbury Nigeria Plc, Honeywell Flour Mills Plc, Livestock Feeds Plc and Academy Press Plc.

TotalEnergies led the pack of advancers after its price rose from N197.80 to N217.50, adding N19.70 or 9.96percent. It was followed by Honeywell Flour Mills which rose from N2.55 to N2.80, adding 25kobo or 9.80percent, and Cadbury which increased from N10.20 to N11.20, up by N1 or 9.80percent.

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At the close of trading session, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding trading day lows of 51,606.49 points and N28.099trillion to 52,097.62 points and N28.367trillion.

The stock market’s positive return year-to-date (YtD) increased to 1.65 percent. This month, the market has decreased by 3.94 percent. Week-to-date (WtD), the market has risen by 1.44percent.

Transcorp, ALEX, Access Corporation, UBA, and Fidelity Bank shares were most traded as investors in 5,109 deals exchanged 6,476,207,310 shares valued at N19.471billion.

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By Iheanyi Nwachukwu • April 27, 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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