Nigeria’s equities market closed in the positive region for the third time this week, after rising by 0.12 percent or N32 billion on Wednesday.

Stocks like Nigerian Breweries, May & Baker, Honeywell Flour Mills and others helped push the market further north.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its Market Capitalisation appreciated further from 48,366.69 points and N26.344 trillion respectively to 48,426.49 points and N26.376 trillion.

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Honeywell Flour Mill’s share price moved up from the preceding day’s low of N2.28 to N2.42, adding 14kobo or 6.14 percent.

Likewise, May & Baker rose from day open low of N3.80 to N4, adding 20kobo or 5.26percent, while Nigerian Breweries made the top-3 advancers league after moving from N36.80 to N38.50, up by N1.70 or 4.62percent.

In 2,810 deals, investors exchanged 146,206,309 shares valued at N3.356billion.

Also, the market’s year-to-date (YtD) positive return increased to 13.37 percent. Month-to-date (MtD), the market has increased by 1.61percent.

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By Iheanyi Nwachukwu • December 8, 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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