Stock market moves further south as Zenith, GSK, C& I Leasing top laggards

The stock market of Africa’s largest economy failed to halt its losing streak on Thursday as it moved further in the red zone by 0.04 percent or N13billion.

Zenith Bank led the league of laggards after its share price moved day open high of N23.40 to N22.85, shedding 55kobo or 2.35percent.

It was followed by C&I Leasing which dropped from N3.50 to N3.20, losing 30kobo or 8.57percent and GSK which also decreased from a high of N7.30 to N7.10, losing 20kobo or 2.74 percent.

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By Iheanyi Nwachukwu • June 10, 2022

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. 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). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.