Equities market reroutes north

Stock market of Africa’s largest economy routed northwards on Wednesday as investors cherry-picked counters that have declined in recent sessions.

Investors gained about N73billion at the close of trading, thanks to counters like Red Star Express, Learn Africa and penny stocks such as SCOA, Lasaco and Chams.

Red Star Express topped on the advancers list after its share price increased from N2.06 to N2.26, up by 20kobo or 9.71percent.

Market moves higher by 0.50% as investors buy CAP, Ardova, others

By Iheanyi Nwachukwu • December 15, 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.