Nigeria’s equities market furthered its gain on Thursday April 21 as investors continued to cherry-pick attractive counters across board.

The market recorded its second gain this week, rising by N45billion or 0.18 percent as investors bought shares of Berger Paints Plc, Eterna Plc, Oando Plc, Meyer Plc and Skyway Aviation Handling Company Plc.

Berger Paints led the gainers league after its share price moved up from N7 to N7.70, up by 70kobo or 10percent, while Eterna increased from N5.50 to N6.05, adding 55kobo or 10percent.

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Also, Oando rallied from N4.85 to N5.33, adding 48kobo or 9.90percent, followed by Meyer which increased from N1.93 to N2.12, up19kobo or 9.84 percent and Skyway Aviation Handling Company which rose from day open low of N5.80 to N6.37, up by 57kobo or 9.83 percent.

The market’s positive return year-to-date (YtD) increased to 12.89 percent at the close of trading session.

At the close of trading session on Thursday April 21, the Nigerian Exchange Limited (NGX) All Share Index (ASI) and market capitalisation rose further from preceding day’s lows of 48,138.71 points and N25.952trillion respectively to 48,223.86 points and N25.997trillion.

In 4,859 deals, investors exchanged 244,694,160 shares valued at N3.151billion. Custodian Investment, Oando, Fidelity Bank, Nigerian Breweries and Transcorp were actively traded stocks on the Nigerian Exchange Limited.

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By Iheanyi Nwachukwu • April 22, 2022

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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