Nigeria’s equities market rose slightly by 0.05percent on Thursday following slight activities on the buy-side of the Bourse.
Banking and consumer goods stocks were majorly on demand while investors sold insurance stocks.
Research analysts at Lagos-based Vetiva had ahead of Thursday’s trading expected to see slight rebounds in banking stocks.
Read also: Naira hits N1,040 per dollar on black market
The record positive close pushed the market’s year-to-date (YtD) positive return higher to +30.99percent.
The market All-Share Index (ASI) and equities capitalisation increased from preceding day’s lows of 67,100.49 points and N36.864trillion respectively to 67,133.19 points and N36.882trillion. Investors booked about N18billion gain at the close of trading.
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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.
