Nigeria’s equities market on Thursday continued its rally into July following muted activities of profit-takers that had trailed the strong rallies seen last month.

While sentiment is still tilting positive, market watchers expect investors to remain bullish, as they continue to hunt for value across key sectors.

At the close of trading on Thursday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation increased further from preceding trading day’s lows of 120,339.9 points and N76.179 trillion respectively to
120,977.2 points and N76.583 trillion.

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The stock market has risen this year by 17.54 percent. Berger Paints rallied most on Thursday as its share price moved up from N30 to N33, adding N3 or 10 percent.

Academy Press moved from N5.10 to N5.61, adding 51 kobo or 10 percent. Unilever share price advanced from N51.70 to N56.85, adding N5.15 or 9.96 percent.

In 24,207 deals, equities market traders exchanged 933,400,484 shares worth N29.307 billion. Universal Insurance, Access Holdings, Chams, Japaul Gold and GTCO were mostly traded stocks.

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. 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).

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