Investors book N75bn gain as market heads further north

For the third time this week, Nigeria’s equities market closed in the positive region after rising by N75billion or 0.27percent on Thursday.

Stocks like Honeywell Flour Mills, Cadbury, Neimeth, Fidson and Academy Press helped the market to record it’s third positive this week.

The market’s positive return year-to-date (YtD) increased to 1.92 percent.

Access Corporation, Transcorp, Japaul Gold, UBA and Fidelity Bank topped Thursday’s trading as investors in 6,958 deals exchanged 2,334,245,742 shares valued at N17.618billion.

Stock market rises by 2.04% in week ended April 28

By Iheanyi Nwachukwu • April 28, 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.