Markets
Industrial sector drives Nigerian equity market up 0.11%
Gains recorded by Dangote Cement, Honeywell Flours (+10.0%), and Unilever buoyed the uptrend of the Nigerian equity market on Thursday.
The All-Share index appreciated by 0.11% to 39,490.06 points while market capitalisation increased by ₦21.7 billion to ₦20.6 trillion and year-to-date loss moderated to -1.9%.
Investors were highly active as volume and value traded rose 214.3% and 9.2% respectively to 570.2million units and ₦2.3 billion.
HONYFLOUR (384.1 million units), VITAFOAM (21.4 million units), and FCMB (13.6 million units) were the most active stocks in terms of volume while HONYFLOUR (₦654.2 million), VITAFOAM (₦331.2 million), and ZENITH (₦269.8 million) led by value.
The Industrial goods sector was the lone gainer, up 0.4%, on the back of buying interest in DANGCEM (+0.7%).
The Insurance and Banking sectors were the top losers, down 1.8% and 0.2% respectively, due to sell pressure on NEM (-6.3%), REGALINS (-8.5%), ETI (-1.7%) and FCMB (-1.3%).
Also, the Oil & Gas and Consumer Goods indices fell by 0.23% and 0.02% respectively, driven by price depreciation in OANDO (-1.2%) and DANGSUGAR (-2.8%).
HONYFLOUR (+10.0%), WEMABANK (+3.9%), and FLOURMILL (+3.1%) led five other gainers while TRIPPLEG (-9.3%), REGALINS (-8.5%), and PRESTIGE (-8.3%) led 19 other decliners.
US authorities slam Air Peace boss, Onyema, with fresh fraud charges
Report: NUPRC has not approved $1.3bn Shell Renaissance deal
There’s a plan to derail Tinubu’s petroleum industry revolution
NNPCL’s acquisition of OVH: Reps member, Miriam Onuoha, slams Atiku, says oil and gas sector should not be politicised
Fidelity Bank affirms commitment to data protection, strong corporate governance
NGX rates Fidelity Bank highest on corporate governance
Like Saudi Aramco, NNPC Ltd under Kyari is creating value for Nigerians
NNPCL FY’23: Kyari stands tall in spite of disruptors’ intrigues
Arewa groups accuse Ugochinyere of plot to blackmail Speaker Abass, deputy, call for probe
CNPP and its failed evil campaign against NNPCL, Kyari
Arewa youths slam Dangote, say ‘you can’t dictate fuel price’
Warn Agbese over false allegations against NNPCL, NMDPRA, group tells reps speaker
1XCUP 2024: 20 teams to battle for N20m as competition kicks off August 5
Paris 2024 Olympic table tennis draw announced
