Equities market closes higher by 0.11%

Nigeria’s equities market rose by 0.11 percent on Thursday, thanks to NNFM, Mecure, ETI and other top advancers on the Nigerian Bourse.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) increased to 71,365.25 points while the value of listed stocks on the Nigerian Bourse rose to N39.32.trllion.

GTCO, Transcorp and FBN Holdings shares were actively traded as investors in 6,516 deals exchanged 540,085,654 shares worth N10.243billion.

NNFM rallied most from 32 to N35.20, up by N3.20 or 10percent. Thomas Wyatt rose from N2.08 to N 2.28, adding 20kobo or 9.62 percent. Mecure increased from N11 to N12, up by N1 or 9.09 percent.

Also, Champion Breweries increased from N3.25 to N3.50, adding 25kobo or 7.69 percent, while ETI moved from N16 to N17, adding N1 or 6.25 percent.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).

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