Market sees slight gain as GTCO, other stocks rally

Nigeria’s equities trading ended Thursday on a slightly positive note, rising by 0.03 percent or N22billion.

The market’s positive close was driven by investors interests in banking, insurance and industrial goods stocks despite profit taking in consumer goods stocks.

GTCO led the league of gainers after its price increased from N38 to N40, adding N2 or 5.26 percent, followed by that of Oando which increased from N10.20 to N10.70, up by 50kobo or 4.90 percent. Learn Africa also increased from N3 to N3.30, adding 30kobo or 10percent.

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By businessday • May 10, 2024

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.