Nigeria’s equities market rose further by 1.21 percent on Thursday, pushing the market’s benchmark performance indicator – All Share Index (ASI) – above 74,000 mark. Equities value rose further by N488billion.

Thanks to Okomu Oil Palm, IMG, Transcorp, Multiverse and other top advancers on the Nigerian Exchange Limited (NGX) that pushed the market’s to new high.

In 7,990 deals, investors exchanged 760,929,521 shares worth
N13.026billion. Abbey Building, Access Corporation, Transcorp, UBA and GTCO were most traded stocks on Thursday.

IMG rallied most, after rising from N8.50 to N9.35, up by 85kobo or 10 percent. Transcorp also moved from N7.70 to N8.47, adding 77kobo or 10 percent.

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Okomu Oil Palm increased from N240 to N263.90, up by N23.90 or 9.96 percent. Multiverse moved from N11.55 to N12.70, adding N1.15 or 9.96 percent, while Infinity Trust Mortgage Bank increased from N3.75 to N4.12, up by 37kobo or 9.87 percent.

Another session of positive close on Thursday pushed higher market’s year-to-date (YtD) return to + 44.95 percent.

At the close of trading, Nigeria’s equities market All-Share Index (ASI) and its capitalisation increased from preceding day’s lows of 73,397.71 points and N40.164 trillion respectively to 74,289.02 points and N40.652trillion.

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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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