BusinessFinancial Stocks Rescue Local Course from Bears’ Grip by...

Financial Stocks Rescue Local Course from Bears’ Grip by 0.02%

-

- Advertisment -spot_imgspot_imgspot_img

However, investors found solace in other stocks and this improved the market breadth, which closed positive yesterday with 19 price losers and 20 price gainers led by Abbey Mortgage Bank, which grew by 9.47 per cent to N1.04.

Meyer appreciated by 8.33 per cent to 26 kobo, NEM Insurance rose by 7.56 per cent to N2.42, Academy Press improved by 7.14 per cent to 45 kobo, while Royal Exchange gained 6.90 per cent to trade at 62 kobo.

Conversely, GlaxoSmithKline depreciated by 9.32 per cent to N5.35, Seplat lost 5.38 per cent to finish at N615.00, Jaiz Bank dropped 4.48 per cent to 64 kobo, Dangote Sugar declined by 3.23 per cent to N15.00, while Japaul fell by 2.56 per cent to 38 kobo.

Business Post reports that the energy sector was the only sectoral decliner yesterday as it fell by 2.70 per cent, while the insurance, banking, industrial goods and consumer goods counters appreciated by 1.14 per cent, 1.13 per cent, 0.29 per cent and 0.11 per cent respectively.

As a result, the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited closed higher by 10.32 points to 42,018.92 points from 42,008.60 points, while the market capitalisation increased by N5 billion to N21.925 trillion from N21.920 trillion.

During the session, a total of 639.4 million shares worth N6.6 billion were traded in 4,564 deals as against the 422.2 million shares worth N4.5 billion traded in 5,059 deals a day earlier, indicating an increase in the trading volume and value by 51.46 per cent and 48.23 per cent apiece and a 9.78 per cent decline in the number of deals.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life in prison by the Lagos State Domestic Violence and Sexual...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching its highest level in more than seven years, roiled by...

Catholic priests declare homosexuality practice, advocate against discrimination

OpenLife Nigeria reports that more than 100 Catholic church officials in Germany came out as lesbian, gay, bisexual, and...

Unknown gunmen abduct Bayelsa State Commissioner for trade

The Bayelsa State Commissioner for Trade and Commerce, Otokito Federal Oparmiola, has been kidnapped by unknown gunmen. Gunmen allegedly kidnapped...
- Advertisement -spot_imgspot_imgspot_img

Oyo set to re-introduce school governing boards

The last administration headed by Senator Abiola Ajimobi introduced school governing boards in all public secondary schools in the...

Oritsedere Otubu takes over as chairman of EKEDC board of directors

Oritsedere Otubu has been named chairman of the board of directors of the Eko Electricity Distribution Company (EKEDC). The declaration...

Must read

Man sentenced to life imprisonment after impregnating 15-year-old daughter

Ekpo Lawrence, 42, was convicted and sentenced to life...

Price of oil surpasses $90 per barrel, first time since 2014

Brent oil exceeded $90 per barrel on Wednesday, reaching...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you