Trading on the Nigerian Exchange Limited (NGX) closed northwards on Thursday after two consecutive sessions of negatives as investors bought mostly consumer goods, insurance and oil & gas stocks.

With market sentiment still fragile and no significant positive catalysts, analysts had expected another mixed trading session on Thursday.

Rather, stocks value rose by about N82 billion while the NGX All Share Index increased by
130.56 points or 0.12 percent despite sell pressure on banking counters.

At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation increased from preceding trading day’s lows of 106,090.38 points and N66.436 trillion to
106,220.62 points and N66.518 trillion.

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UPDC rallied most likely, from N2.52 to N2.77, adding 25 kobo or 9.92 percent. International Breweries increased from N5.20 to N5.70, adding 50kobo or 9.62 percent.

Multiverse Mining and Explanation increased from N7.95 to N 8.65, adding 70 kobo or 8.81 percent, while NGX Group share price moved up from N30.95 to N32.85, adding N1.90 or 6.14 percent.

In 11,233 deals, investors exchanged 341,708,437 shares worth N16.654 billion.
Tantalizers, Access Holdings, Zenith Bank, GTCO and Universal Insurance were actively traded stocks on Thursday.

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By Iheanyi Nwachukwu • March 14, 2025

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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