Airtel Africa fuels stock market’s first gain this week

…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.