Stock market rebounds by 1.33%

Nigeria’s equities market rebounded on Wednesday by 1.33percent or N441billion as improved buyside activities on the nation’s Bourse helped halt profit taking activities recorded the preceding day.

At the close of trading session on Wednesday, July 5 the market’s year-to-date (YtD) positive return increased to 20.04percent.

Investors bought mostly the shares of Learn Africa, which rose from N2.91 to N3.20, adding 29kobo or 9.97percent. Golden Guinea Breweries also advanced from N2.01 to N2.21, adding 20kobo or 9.95percent.

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By BusinessDay • July 5, 2023

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.