Nigeria’s equities market closed further in the green zone on Wednesday, though marginally by 0.04 percent or N16billion.

While banking, insurance and oil & gas stocks were majorly on demand, investors sold industrial goods stocks.

Read also: Stock market rises by 1.12% in week ended October 13

Eterna Plc led the league of advancers after its share price rose from N13.85 to N14.80, adding 95kobo or 6.86percent, while CWG recorded the highest decline after dipping from N9.50 to N8.55, down by 95kobo or 10percent.

Related News

The record positive close pushed higher this year’s return year-to-date (YtD) to 31.42 percent. This week, the market has increased by 0.23 percent while it has risen by 1.46 percent this month.

Stock investors in 6,165 deals exchanged 397,560,768 shares worth
N4.699billion.

Read also: Managing market risk in a difficult business risk environment

At the close of equities trading session on Wednesday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market Capitalisation moved from preceding day’s low of 67,326.12 points and N36.988trillion respectively to 67,353.25 points and N37.004trillion.

More from our Markets Column
Read Next
Nigeria’s Naira Woes Point to a Bigger Problem in Africa

Why naira fell sharply across FX markets

By Hope Moses-Ashike • October 18, 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.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp