• Wednesday, February 21, 2024
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BusinessDay

Market rises by 0.62% as buy pressure persists

In stock market, it’s time to tread cautiously

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.

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.