Stock market records first gain this week

Nigeria’s equities market rose by 0.17 percent or N41billion on Wednesday, its first gain this week.

Stocks like Oando, CWG, FTN Cocoa, and C&I Leasing helped the market’s positive close.

The market’s performance indicators – the All Share Index (ASI) and equities market capitalisation – increased to 99,385.44 points and N56.221trillion respectively as against preceding trading day’s lows of 99,217.6 points and N56.126trillion.

Oando led the gainers after rising from N12.50 to N13.75, up N1.25 or 10percent. FTN Cocoa went up from N1.40 to N1.54, up by 14kobo or 10percent.

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By Iheanyi Nwachukwu • June 26, 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.