Dangote Cement, other stocks cause market's first gain this week -

Bargain hunting by investors on Wednesday at the Nigerian Exchange Limited (NGX), particularly in favour of stocks like Dangote Cement Plc, Oando Plc and Transnational Corporation Plc helped the market to record its first gain this week.

The market rose by 0.90percent at the close of trading session on Wednesday.

Dangote Cement rallied most, from N276 to N290, up by N14 or 5.07percent. It was followed by that of Oando Plc which rose from day open low of N4.47 to N4.91, adding 44kobo or 9.84 percent. Also, Transnational Corporation Plc increased from N1.40 to N1.50, adding 10kobo or 7.14percent.

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By Folake Balogun • March 30, 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.