…VFD Group to list on NGX

Nigeria’s equities market closed higher by 0.13percent on Thursday while investors gained about N140billion following cherry-picking actions seen across board.

Investors bought mostly banking, consumer goods, and industrial stocks amid mild offering of insurance stocks.

The Nigerian Bourse positive close by 0.13percent on Thursday pushed higher this year’s return to +29.89 percent. The market has risen this week by 0.28 percent.

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At the close of trading, the market’s All-Share Index (ASI) and equities capitalisation increased from preceding day’s lows of 66,482.28 points and N36.386trillion respectively to 66,570.19 points and N36.526trillion.

In 6,959 deals, investors exchanged 1,014,376,755 shares valued at N4.733billion. Neimeth, Oando, Universal Insurance, Fidelity Bank, and Sterling Bank were most actively traded stocks.

VFD Group will this Friday October 6 list its shares on the Nigerian Exchange Limited (NGX). The listing event by VFD Group will be celebrated with a Closing Gong ceremony, during which the VFD Group management will also engage capital market stakeholders through a “Facts Behind the Listing” presentation.

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By Iheanyi Nwachukwu • October 6, 2023

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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