Following the appointment of the board members of the recently formed Asset Management Company (AMC), virtually all market indicators at the Nigerian equities market closed in the green yesterday.

The NSE ASI rose 0.19% as total deals, transaction volumes and Naira votes increased by 23.29%, 92.34% and 40.54% respectively.

Aliyu Belgore will chair the AMC board and Mustapha Chike will serve as the managing director.

Source: Cowry Asset Management