Nigeria’s equities market expectedly on Thursday recorded its first gain this week amid recoveries in some of the week’s decliners. Thanks to consumer goods, insurance and oil & gas stocks that occupied the buy-side of the bourse.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) closed higher by 0.06percent from preceding 64,625.28 points to 64,663.78 points while equities market capitalisation increased from N35.369trillion.

The market’s year-to-date (YtD) positive return increased to 26.17 percent.

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Cutix led other advancers after its share price rose from N2.50 to N2.70, up by 20kobo or 8percent. It was followed by John Holt which increased from N1.20 to N1.32, after adding 12kobo or 10percent, and CWG which rose from N3.28 to N3.60, adding 32kobo or 9.76percent.

This week, the market has decreased by 1.01percent.

In 5,176 deals, investors exchanged 320,346,677 shares valued at N3.729billion. Fidelity Bank, Transcorp, UBA, Universal Insurance and FBN Holdings were actively traded stocks.

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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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