At the end of Thursday’s trading session on the Nigerian Bourse, the market moved slightly higher by 0.05 percent when compared with the preceding day’s level.

The market has increased by 0.37percent week-to-date (WtD).

The market’s performance indicators – the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its Market Capitalisation increased from preceding day’s lows of 49,475.43 points and N26.947trillion respectively to 49,499.43 points and N26.961trillion.

The value of listed equities increased by N14billion on Thursday.

Julius Berger led the gainers league after its share price moved up from preceding day low of N21.20 to N23.30, up by N2.10 or 9.91percent.

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Ardova also made top advancers league after moving up from preceding day low of N17.40 to N19, up by N1.60 or 9.20percent.

Champion Breweries also rallied from N4.30 to N4.70, up by 40kobo or 9.30 percent.

In 2,999 deals, investors exchanged 132,571,047 share vakued at N3.144billion. FBN Holdings, Sterling Bank, Nigerian Breweries, GTCO and Fidelity Bank were top-5 traded stocks on the Nigerian Exchange Limited (NGX).

Also, the year-to-date (YtD) positive return of the stock market increased to 15.88percent. This month, the market has also risen by 3.86percent.

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By Iheanyi Nwachukwu • December 23, 2022

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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