Nigeria’s stock market moved higher on Thursday by 0.55 percent as investors bought shares of Presco, Dangote Sugar Refinery, Flour Mills, Fidson Healthcare and Sterling Financial Holding Company.
Presco increased most from N209 to N229.90, up N20.90 or 10 percent. Dangote Sugar Refinery also increased from N38.90 to N42.75, up by N3.85 or 9.90 percent, while Flour Mills share price moved higher on Thursday from N30.50 to N33.55, up by N3.05 or 10 percent.
At the close of trading session on Thursday, the Nigeria Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation increased from preceding trading day’s lows of 98,225.63 points and N55.553trillion to 98,762.78 points and N55.856trillion.
Nascon share price dipped most, from N52.55 to N47.30, down by N5.25 or 9.99 percent. In 8,446 deals, investors exchanged 665,198,654 shares worth N5.541billion. The market’s year-to-date (YtD) return also increased to 32.08 percent.
Get Newsletter Updates
Enjoying our column?
Subscribe to our specialised **Tax 360** feed to receive fresh reports and analyses directly in your inbox.
Iheanyi Nwachukwu
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.
