Stock market furthers gains by 0.47%

Nigeria’s stock market’s performance indicators – the All-Share Index and Market Capitalisation –increased further by 0.47 percent or N131billion
on Thursday to 51,618.73 points and N27.828trillion respectively as against preceding day low of 51,377.21 points and N27.697trillion.

Stocks like FBN Holdings, Livestock Feeds, Union Bank and others helped the market’s positive close. Investors have been cherry-picking fundamentally sound names like these after the market recorded remarkable loss last week.

Equities market dips by 0.14% in week ended June 24

By Iheanyi Nwachukwu • June 24, 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.