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Home Business & Finance

Nigerian Stock Market experiences its first boost this week

Benita OrumabyBenita Oruma
March 21, 2024
in Business & Finance
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Nigerian Stock Market experiences its first boost this week
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After a string of losses, the Nigerian stock exchange recorded some gains on Thursday.

This report gotten from BusinessDay, who mentioned that the market increased by 0.13 percent or N74billion at the close of trading, this is because of investors who bought among others, shares of Transcorp, Juli and Etranzact.

Juli share price rose from N6.50 to N7.15 adding 65kobo or 10 percent. Transcorp moved up from N13.55 to N14.90, adding N1.35 or 9.96 percent.

Nigerian Stock Market experiences its first boast this week

International Energy Insurance also went up from N1.45 to N1.59, adding 14 kobo or 9.66 percent, while Etranzact increased from preceding trading day’s lows of N5.70 to N6.25, up by 55kobo or 9.65 percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation increased from preceding trading day’s lows of 104,256.81points and N58.947trillion respectively to 104,387.47 points and N59.021trillion.

Shares of UBA, Access Holdings, Zenith Bank, Transcorp and GTCO were most traded on the Nigerian Bourse as investors in 8,790 deals exchanged 336,816,310 shares worth N9.28billion.

The stock market’s positive return year-to-date (YtD) increased to 39.60percent.

Tags: federal characterNewsNigerian Stock Market experiences its first boast this week
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

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