Nigeria’s equities market reached a new high on Wednesday, driven by investors who bought mostly the shares of Dangote Sugar, Berger Paints, Royal Exchange, and Multiverse Mining and Exploration.
Despite profit taking in insurance and oil & gas stocks, the market still closed +0.99 percent higher while the year-to-date (YtD) return increased to 35.32 percent. The Nigerian Exchange Limited (NGX) All Share Index (ASI) crossed 139,000 points, reaching 139,278.67 points at the close of trading.
Berger Pains rallied from N34.10 to N37.50, up by N3.40 or 9.97percent. Dangote Sugar rose from N64.70 to N71.15, adding N6.45 or 9.97percent.