Nigeria’s equities market increased further on Thursday by 1.01 percent or N248billion, pushing higher the market’s year-to-date (YtD) return
to +7.43percent. Week-to-Date (WtD), the market has increased by 3.23 percent.

Northern Nigeria Flour Mills Plc, Learn Africa Plc and Cadbury Nigeria Plc topped the league of advancers.

The share price of Northern Nigeria Flour Mills Plc rose from N6.55 to N7.20, up by 65 kobo or 9.92percent, followed by Learn Africa Plc which rose from N1.18 to N1.29, up by 11kobo or 9.32 percent while Cadbury share price moved up from N8.80 to N9.50, adding 70kobo to 7.95 percent.

Read also: Devt activity in Lagos real estate market rises 19% amid subdued demand

At the close of trading session on Thursday January 20, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) increased from the preceding day’s 45,430.14 points to 45,890.52 points.

The value of listed stocks on the Bourse rose to N24.724trillion from preceding trading day low of N24.476trillion.

Computer Warehouse Group, Dangote Cement, FBN Holdings, Transcorp and Sovereign Trust Insurance were most traded stocks on Thursday.
In 4,342 deals, equity dealers exchanged 873,492,331 units valued at N31.542billion.

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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.

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