Market rises by 0.62% as buy pressure persists

Nigeria’s equities market rose further by 0.62 percent as more investors continued to buy stocks.

Positive sentiment was sustained on Thursday, as investors took position ahead of full year results.

Transcorp (+9.93 percent), Wema Bank (+10 percent), Ikeja Hotel (+9.92 percent), Learn Africa (+10 percent) and Sterling Financial Holding Company (+9.83 percent) topped the advancers league.

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At the close of trading the Nigerian equities market which closed the preceding day at 77,537.57 points and N42.429trillon respectively rose to 78,020.54 points and
N42.694trillion.

In 12,976 deals, investors exchanged 984,193,911 shares worth N11.161billion.

FCMB Group, Fidelity Bank, Unity Bank, Sterling Financial Holding Company and Universal Insurance were actively traded stocks.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).