Airtel pushes NGX ASI above 70,000 mark

Nigeria’s equities market kicked off the month of November on a positive note, after rising by 1.94percent or N739billion at the close of trading on Wednesday.

Thanks to investors who bought shares of Airtel Africa Plc which rallied most on the Bourse, from N1,540.10 to N1,694.10, adding N154 or 10percent.

It was followed by FBN Holdings which rose from N17.90 to N19.65, adding N1.75 or 9.78percent. NEM Insurance was also up, from N5.05 to N5.55, gaining 50kobo or 9.90percent.

Read also: Airtel recaptures crown as most valuable firm in Nigeria

The market’s benchmark performance indicators crossed 70,000 mark to 70,581.76 points from preceding day’s 69,236.19 points.

Chams also made the top advancers league after rising from N2.22 to N2.44, adding 22kobo or 9.91percent, while University Press rose from N2.12 to N2.33, up 21kobo or 9.91percent.

Read also: Airtel Nigeria taps MediaTek to deliver affordable 5G services

The stock market’s year-to-date (YtD) positive return stood higher at 37.72 percent. This week, the market has risen by 5.13 percent.

The equities market capitalisation rose from preceding day’s N38.038 trillion to N38.777 trillion. In 7,444 deals, investors exchanged 601,732,986 shares valued at N11.016billion. UBA, FBN Holdings, GTCO, Access Corporation, and Universal Insurance were actively traded stocks on Wednesday.