UACN, GSK, other stocks push market higher by 0.35%

Nigeria’s stock market furthered its northward movement on Tuesday by 0.35percent or N99billion as investors showed remarkable buy interest in stocks like UACN, GSK, Global Spectrum Energy Services, Japaul Gold and Jaiz Bank. The market’s positive return year-to-date (ytd) increased to 24.71percent

UACN share price rose most on Tuesday, from day-open low of N11 to N11.50, up by 50kobo or 4.55percent. GSK also increased, from N6.85 to N7.20, up 35kobo or 5.11percent. Global Spectrum Energy Services also moved up from N2.50 to N2.75, adding 25kobo or 10percent.

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By Iheanyi Nwachukwu • June 8, 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.