Stock market records first gain this week

Nigeria’s equities market on Thursday recorded its first session of positive close, thereby halting the negative trend seen in the preceding sessions.

The market increased by 0.13 percent or N74billion at the close of trading, thanks to investors who bought among others, shares of Transcorp, Juli and Etranzact.

Juli share price rose from N6.50 to N7.15 adding 65kobo or 10 percent. Transcorp moved up from N13.55 to N14.90, adding N1.35 or 9.96 percent.

International Energy Insurance also went up from N1.45 to N1.59, adding 14 kobo or 9.66 percent, while Etranzact increased from preceding trading day’s lows of N5.70 to N6.25, up by 55kobo or 9.65 percent.

Geregu, Dangote Cement, BUA, Transcorp entities hedge market against rate hike

By Iheanyi Nwachukwu • March 22, 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.