Stock market moves further north by 2.04%

Nigeria’s equities market rallied further into the New Year by 2.04 percent on Wednesday as investors continued to buy stocks ahead of Full Year earnings releases and possible corporate declarations. The market has increased this year by 3.70 percent.

Stocks like Dangote Sugar Refinery, Berger Paints, FCMB and University Press were on demand as investors in 11,629 deals exchanged 927,558,142 shares worth N10.691billion.

At the close of trading on Wednesday, the Nigerian equities market which closed the preceding day at 75,990.88 points and N41.583trillion respectively rose to
77,537.57 points and N42.429trillon.

Fidelity Bank, FCMB Group, UBA and Access Corporation were actively traded stocks on Wednesday.

University Press rose from N2.40 to N2.64, adding 24kobo or 10 percent. Dangote Sugar Refinery increased from N57.50 to N63.25, up by N5.75 or 10percent.

FCMB went up from N7.50 to N8.25, up by 75kobo or 10 percent. Morison rose from N2.80 to N3.08, adding 28kobo or 10percent. Berger Paints increased from N13 to N14.30, up by N1.30 or 10 percent.