The stock market of Africa’s largest economy moved further north on Tuesday by 0.16percent as investors continued to raise bet on value stocks.

Investors bought stocks like Skyway Aviation Handling Company Plc, Learn Africa, Academy Press, and others that topped the league of gainers.

The stock market’s positive return year-to-date (YtD) printed further high at 15.33percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding day’s 59,000.96points and N32.126 trillion respectively to 59,110.02 points and N32.190 trillion.

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Same as the preceding trading day, penny stocks continued to dominate the top gainers chart as investors took to low-priced equities while still trading cautiously in the market.

Acedemy Press led the gainer after moving from N1.80 to N1.98, up 18kobo or 10percent. Chams also rose to make the top advancers league, from 40kobo to N44, up by 4kobo or 10percent.

Guinea Insurance increased from 20kobo to 22kobo, adding 2kobo or 10percent, Skyway Aviation Handling Company rallied from N7 to N7.70, up by 70kobo or 10percent, while Learn Africa increased from N2.42 to N2.66, adding 24kobo or 9.92percent.

UBA, GTCO, Transcorp, Access Corporation and Veritas Kapital Assurance were actively traded stocks on the Nigerian Exchange.

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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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