The Nigerian stock market on Wednesday furthered its positive movement this week pushing the All-Share Index (ASI) and equities market capitalisation higher by 0.27 percent and N186billion respectively.
This week, the market has risen by 0.30 percent, while this month it has increased by 3.08 percent. The market’s return year-to-date (YtD) stood higher at 5.96 percent.
Read also: NGX-ASI up 0.46% on renewed bargains
Stocks like Northern Nigeria Flourmills, MCNichols, Champion Breweries, Caverton, and FTN Cocoa helped to move the market higher.
MCNichols rose from N1.60 to N1.76, adding 16kobo or 10 percent. NNFM rose from N90.50 to N99.55, adding N9.05 or 10 percent. Champion Breweries moved from N5.55 to N6.10, up by 55kobo or 9.91percent.
Caverton increased from N3.68 to N4.04, up by 36kobo or 9.78percent, while FTN Cocoa advanced from N2.28 to N2.50, adding 22kobo or 9.65percent.
The NGX ASI and equities market cap moved up from preceding day’s lows of 108,762.6 points and N68.357 trillion respectively to 109,059.33 points and N68.543 trillion.
Read also: E-Tranzact, others cause NGX negative start to new week
In 14,870 deals, investors exchanged 531,287,255 shares worth N19.808billion. GTCO, Access Holdings, Fidelity Bank, Nigerian Breweries and Zenith Bank were actively traded stocks.
