Stock market sustains gain by 0.93%

The Nigerian stock market maintained its positive trend on Thursday, rising by 0.93percent or N272billion.

Market watchers expect to see increased buy-interest in stocks, particularly those that have released their full year results that impressed investors.

This week, Seplat Energy Plc led the gainers league for the second time after its share price increased from N1,210 to N1,325, up by N115 or 9.50percent.

It was followed by MRS which increased from N16 to N17.60, up N1.60 or 10percent. Also, NNFM increased from N8.10 to N8.90, up by 80kobo or 9.88percent.

Nigeria equities gain N847bn in week ended February 3

By Iheanyi Nwachukwu • February 3, 2023

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.