Nigeria equities gain over N100bn on increased bargain

Nigerian equities

Equities trading on Nigerian Exchange (NGX) Limited closed further in the positive region on Thursday as more investors moved in to buy shares ahead of dividend payments.

The market’s benchmark performance indicator –the All Share Index (ASI) and market capitalisation increased from 39,085.78 points and N20.449trillion to 39,293.14 points and
N20.558trillion respectively.

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The All Share Index increased by 0.53 percent, while investors booked about N109billion gain at the close of ongoing remote trading session on the Bourse.
The positive close on Thursday pushed lower record negative return year-to-date (YtD) to -2.43 percent.

In 4,016 deals, Nigeria’s equity dealers exchanged 229,417,359 units valued at
N3.780billion. Union Bank, GTBank, Zenith Bank, MTN N and Oando stocks were most traded on the Nigerian Exchange Limited.

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).