Equities gain over N570bn in week ended Feb. 4

Investors in Nigeria’s stock market booked about N579billion gain in the trading week ended Friday, February 4.

The market successfully closed out on a positive note, rising by 2.33percent week-on-week (WoW), thanks to increased interest in Oil & Gas, Industrial, Banking and Consumer Goods stocks which helped fuel record buy-side activity on the Nigerian Exchange Limited (NGX).

The record positive in review trading week came amid the market’s three (3) days of gains as against two (2) days of losses. The gain in review trading week fueled an increase in the equities market’s year-to-date (YtD) positive return to +10.68percent.

We are working to improve the Capital Market – SEC

By Iheanyi Nwachukwu • February 4, 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.