Nigeria’s equities market continues its upward trajectory, recording a 0.22% increase on the 14th of December 2023, marking its fourth consecutive rally this week. The market’s positive momentum has resulted in a weekly rise of 1.28%, contributing to a month-to-date (MtD) advancement of 1.53%.
This week, the market’s benchmark performance indicator surpassed the 72,000 marks, while the year-to-date (YtD) return climbed to an impressive +41.38%. At the close of trading on Thursday, December 14, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalization rose from the preceding day’s 72,299.79 points and N39.563 trillion to 72,455.83 points and N39.649 trillion, respectively.
Infinity Trust Mortgage Bank led the gainers, contributing to Thursday’s market surge with its share price rising from N2.34 to N2.57, marking a 9.83% increase. Following closely was John Holt, whose share price rose from N1.85 to N2.03, representing a gain of 9.73%. Ikeja Hotel also experienced a rally, climbing from N4.35 to N4.75, an increase of 9.20%, while E-Tranzact International showed positive movement, rising from N6.50 to N7, a 7.69% gain.
Access Corporation, FCMB, Zenith Bank, UBA, and Fidelity Bank were actively traded stocks on Thursday, with investors participating in 6,845 deals, exchanging 446,582,797 shares valued at N7.255 billion.
