Nigeria’s stock market rallied further by 0.73 per cent on Thursday as buy-side interest increased at the Nigerian Exchange Limited (NGX).
Also, Legend Internet Plc on Thursday listed its 2 billion ordinary shares by introduction on the Main Board of Nigerian Exchange Limited.
Access Holdings, Fidelity Bank, GTCO, Chams and Zenith Bank were actively traded stocks as investors in 12,142 deals exchanged 328,257,590 shares worth ₦10.370 billion, BusinessDay reports.
Ikeja Hotel rose from ₦10 to ₦11, adding ₦1 or 10 per cent. Cadbury followed after rising from ₦22 to ₦24.20, up by ₦2.20 or 10 per cent. Nestle rose from ₦1000 to ₦1100, adding ₦100 or 10 per cent.
Eterna moved from ₦33 to ₦36.30, adding ₦3.30 or 10 per cent, while Lafarge Africa rallied from ₦72 to ₦79.20, adding ₦7.20 or 10 per cent.
At the close of trading on Thursday, the Nigerian Exchange Limited (NGX) All Share Index (ASI) and equities market capitalisation increased from preceding day’s lows of 105,283.67 points and ₦66.159 trillion respectively to 106,074.26 points and ₦66.667 trillion.
Investors’ interests in the shares of Nestle, Lafarge, Cadbury, Ikeja Hotel, Cadbury and Eterna pushed the market higher.
At ₦6.20 per share, investors in 24 deals exchanged 6.5million shares of Legend Internet Plc valued at ₦40.3 million.
Legend Internet is Nigeria’s last-mile fibre company with a distinct focus on fibre-to-the-home (FTTH) solutions and a pioneer in tech-driven digital services.
