Nigeria stocks rise further by 0.27%

Nigeria’s equities market moved higher by 0.27 percent on Wednesday as investors interest in Northern Nigeria Flour Mills (NNFM) and other major advancers caused the market’s positive close.

NNFM rose most from N118.70 to N130.55, adding N11.85 or 9.98 percent. It was followed by Honeywell Flour Mills which increased from N19.10 to N21, up by N1.90 or 9.95 percent. Also, University Press made the league of major gainers after rising from N5.10 to N5.61, adding 51percent or 10percent, while Learn Africa increased from N4.10 to N4.51, adding 41kobo or 10percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation furthered its northward movement on Wednesday from preceding day’s lows of 111,606.22 points and N70.377 trillion respectively to 111,902.61 points and N70.564 trillion.

- Advertisement -

Japaul Gold, Fidelity Bank, Custodian Investment, GTCO and FCMB Group were most traded stocks on the Bourse. In 16,711 deals, investors exchanged 512,170,339 stocks valued at N17.115billion.

TAGGED:bdothernews NGX Nigeria's equities market

Share This Article

ByIheanyi Nwachukwu

Follow:

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.