Equities market closes in green zone

Nigeria’s equities market closed slightly in green by 0.07 percent or N27billion on Thursday amid pockets of bargain in small to mid-cap stocks.

Ahead of Thursday’s trading, equity research analysts at Lagos-based Vetiva who still expected some level of cherry picking activities across sectors, noted that the market activity remain relatively low, “as most investors trade cautiously in the market.

At the close of trading session on the Nigerian Exchange Limited (NGX), its All-Share Index (ASI) and market capitalisation increased from preceding trading day’s lows of 71,003.98 points and N39.047trillion respectively to 71,052.85 points and N39.074trillion. This year’s return increased to 38.63 percent.

Beta Glass led the league of market’s advancers after its share price rose from N54 to N59.40, up by N5.40 or 10percent.

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By Iheanyi Nwachukwu • November 24, 2023

Iheanyi Nwachukwu

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.