Investors gain N33bn as market sees first positive close this week

Nigeria’s equities investors booked about N33billion gain on Wednesday as market recorded its first positive close since this week.

Thanks to Eterna Plc which led the advancers league after its share price moved up from preceding day low of N4.99 to N5.48, adding 49kobo or 9.82percent.

It was followed by Ikeja Hotel Plc which rose from day-open low of N1.20 to N1.32, adding 12kobo or 10percent.

The stock market’s benchmark performance indicator –All Share Index (ASI) increased by 0.13percent from preceding day’s low of 46,843.09 points to 46,904.48 points on Wednesday.

Investors gain N33bn as Nigeria stocks rally further

By Iheanyi Nwachukwu • March 31, 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.