…as investors book N467bn gain
Nigeria’s equities market on Thursday recorded its first positive close this week as more investors bought shares of Airtel Africa Plc which rose most at the close of trading on the Bourse.
Stock investors booked about N467billion gain at the close of Thursday’s trading session on the Nigerian Exchange Limited (NGX)
Shares of Airtel Africa increased most from preceding trading day’s low of N1,973 to N2,150, rising by N177 or 8.97 percent.
Investors traded mostly the shares of Custodian Investment, Nigerian Breweries, UBA, Access Holdings and GTCO.
In 7,296 deals, investors exchanged 409,766,223 shares worth N8.925billion.
At the close of trading, the NGX All Share Index (ASI) and its equities market capitalisation increased by 0.8 percent or N467billion, from preceding day’s lows of 97,343.42 points and N55.058trillion respectively to 98,156.71 points and N55.525 trillion.
The market’s year-to-date (YtD) return stood higher at 31.37 percent.
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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.
