By Dipo Olowookere
NEM Insurance closed on Friday as the best-performing inventory, becoming a member of 9 others to lift the Nigerian Exchange (NGX) Limited increased by 0.09 per cent when buying and selling actions completed for the session.
Business Post studies that investor sentiment turned bearish yesterday regardless of the positive aspects printed by the NGX index as a results of renewed profit-taking within the vitality sub-sector, Oando being the key offender.
Its index fell by 0.16 per cent throughout the session, whereas the banking, insurance, industrial items and client items counters appreciated by 0.87 per cent, 0.44 per cent, 0.15 per cent and 0.06 per cent respectively.
At the shut of business, the All-Share Index (ASI) elevated by 42.87 factors to 49,695.12 factors from 49,652.25 factors, whereas the market capitalisation rose by N23 billion to N26.805 trillion from N26.782 trillion.
The share worth of NEM Insurance improved by 7.62 per cent yesterday to N5.65, Chams grew by 6.90 per cent to 31 Kobo, FCMB appreciated by 6.06 per cent to N3.50, UBA gained 3.42 per cent to cite at N7.55, whereas Flour Mills elevated by 3.41 per cent to N30.30.
A complete of 16 equities depreciated in worth on the final buying and selling session of this week, with Honeywell Flour positing the best fall, 10.00 per cent, to settle at N2.25. Learn Africa declined by 8.91 per cent to N2.25, Linkage Assurance fell by 7.69 per cent to 48 Kobo, Coronation Insurance went down by 7.32 per cent to 38 Kobo, whereas Jaiz Bank depleted by 4.49 per cent to 85 Kobo.
Yesterday, Sterling Bank recorded the best buying and selling quantity, promoting 173.8 million shares valued at N252.1 million, UBA bought 54.1 million shares value N400.6 million, Zenith Bank traded 14.0 million equities value N281.4 million, Chams exchanged 14.0 million shares for N4.1 million, whereas Transcorp bought 6.4 million shares for N6.8 million.
In all, buyers purchased and bought 319.1 million equities valued at N1.9 billion in 3,335 offers on Friday in contrast with the 161.9 million equities value N1.6 billion transacted in 3,541 offers on Thursday, displaying a decline within the variety of offers by 5.82 per cent and a rise within the buying and selling quantity and worth by 97.11 per cent and 14.60 per cent respectively.
