Stocks gain N60bn as market routes north

Nigeria’s equities market failed to stay on the negative path on Tuesday as stocks like Africa Prudential, Golden Guinea Breweries, Tantalizers, ABC Transport and other major advancers helped reroute the market northwards.

At the close of trading, the value of listed stocks rose by N60billion while the market increased by 0.10 percent. Except NGX Industrial Index which decreased by 0.84 percent, other sectoral indices closed in green -NGX Banking (+0.29 percent), NGX Consumer Goods (+0.17 percent), NGX Insurance Index (+1.98 percent), and NGX Oil & Gas Index (+1.64 percent).

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By Iheanyi Nwachukwu • December 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.