Honeywell, Chellaram, other stocks cause market’s N90bn loss -

Nigeria’s equities market opened the new week in red as investors sold mostly shares of Honeywell Flourmills Plc, Chellaram Plc, Livestock Feeds Plc, Prestige Assurance Plc and Mutual Benefits Assurance Plc.

Following last week’s positive sentiment seen across all sectoral indices except the insurance sector, market watchers foresaw the possibility of moderations this week, as investors begin to take profit.

Here’re Nigeria’s best-performing stocks in 2022

By Iheanyi Nwachukwu • January 17, 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.