Nigeria’s stock market on Wednesday furthered its journey into the green zone by 0.36 percent, its third consecutive gain this week, as investors continued to
buy low-priced counters on the nation’s Bourse. The stock market’s record positive return year-to-date increased further to +15.75 per cent.
The record gain was majorly driven by investors who bought penny stock like Afromedia which increased from 20 kobo to 22 kobo, after adding 2 kobo or 10 per cent. Also, E-Tranzact International rose from N5.35 to N5.88, up by 53 kobo or 9.91percent. Neimeth also advanced from N1.62 to N1.78, up by 16 kobo or 9.88 per cent.
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