Market up 0.12% despite minimal activity on the Bourse -

Despite that overall activity level remains minimal at the Nigerian Exchange Limited (NGX), the stock market still closed in the positive region on Wednesday.

As investors gradually wind down for the yuletide holiday season, the market increased slightly by 0.12percent at the close of trading session.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its Market Capitalisation increased from preceding day’s 49,416.18 points and N26.915trillion respectively to 49,475.43 points and N26.947trillion.

Listed equities value increased by N32billion on Wednesday on increased bargain.

Africa Prudential led the gainers league after its share price moved up from N5 to N5.85, up by 50kobo or 9.35 percent, followed by Champion Breweries which moved up from N4.10 to N4.30, adding 20kobo or 4.88percent.

Also, the year-to-date (YtD) positive return of the stock market stood higher at 15.82percent. This month, the market has risen by 3.81percent.

In 2,992 deals, investor exchanged 411,150,981 shares valued at N6.347billion. UPDC REIT, FBN Holdings, Geregu, Zenith Bank and GTCO were top-5 traded stocks on the Nigerian Exchange.

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).

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