Nigeria’s equities market closed slightly higher by 0.02 percent or N6billion on Thursday as investors bought consumer goods and insurance stocks.
Stocks like Northern Nigeria Flour Mills, SCOA, and C & I Leasing were mostly seen on the buy-side of the Nigerian Bourse.
At the close of trading on Thursday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its market capitalisation increased respectively from 71,014.38 points and N39.053trillion to 71,025.16 points and N39.059trillion.
Read also: Equities market fails to stay on loss path
This year, the market has increased by 38.58 percent. In 6,545 deals, investors on Thursday exchanged 483,847,757 shares worth N4.378billion.
Regency Assurance, Oando, Universal Insurance, Japaul Gold and UBA were most traded stocks on Thursday at the Nigerian Exchange Limited.
C & I Leasing increased most from N4.12 to N4.53, adding 41kobo or 9.95 percent. NNFM rose from N19.80 to N21.75, up by N1.95 or 9.85percent, while SCOA rose from N1.12 to N1.23, adding 11kobo or 9.82percent.
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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.
