NGX: Banking stocks’ loss reverse gains as ASI sheds 0.1%

Equities trading at the Nigerian Exchange Limited (NGX) opens the week in the red zone as selloffs in banking stocks weigh down the benchmark index to reverse previous trading gains.

Accordingly, on Monday, the All-Share Index (ASI) ended the trading session 0.1 per cent lower at 38,906.42 basis points, owing to depreciation recorded in the value of GTCO and Zenith Bank stock.

Consequently, the Month-to-Date (MtD) and Year-to-Date (YtD) losses ASI increased to -0.8 per cent and -3.4 per cent, respectively.

As measured by market breadth, market sentiment was flat, as an equal number of 18 tickers recorded gains and declines.

On the performance chart, CHI PLC Chams topped the gainers’ list as their respective shares appreciated by 9.6 per cent and 9.5 per cent, while SCOA and Veritas Kapital recorded the most significant losses of the day, having declined by 9.7 per cent and 8.7 per cent respectively.

Analysing by sectors, the Insurance, Banking, and Consumer Goods indices declined by 0.7 per cent, 0.3 per cent and 0.2 per cent, respectively, while the Oil & Gas recorded the sole gain of the day. The Industrial Goods index closed flat.

However, the local bourse enjoyed robust activities on Monday as the total volume of trades increased by 23.1 per cent to 190.96 million units, valued at N2.35 billion, and exchanged in 3,462 deals. EKOCORP was the most traded stock by volume at 40.00 million units, while MTN Nigeria was the most traded stock by value at N752.67 million, respectively.

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Experts Say Mixture Of Snail Slime, Evaporated Milk Cannot Cure Stroke

CLAIM: A Facebook user claims water gotten from snails (snail slime) and peak milk can cure partial or full stroke.

VERDICT: The claim that water gotten from snails (snail slime) and peak milk can cure partial or full stroke is false.

FULL STORY: On July 26, 2020, a Facebook user, Prince Nnamdi Enyinnaya Emelelu Eluwa, in a post claimed that water gotten from snails (Snail slime) and peak milk can cure partial or full stroke. The post which is over a year old has recently been reshared by other Facebook users.

Marburg Virus: What You Need To Know About Disease Recently Detected In West Africa

On Monday, August 9, 2021, the World Health Organisation (WHO) confirmed the first case of Marburg virus in West Africa in Guinea. This development has sent shivers down the spines of West Africans who are still grappling with the effects of the coronavirus pandemic. But before this dreaded disease is greeted by rumours and misinformation, here is what you have to know about the virus.APC states to establish Health Emergency Trust Fund…

FACT CHECK: US Did Not Give Nigeria 48 Hours Ultimatum To Detain Abba Kyari

CLAIM: Several social media posts claim the United States of America (USA) gave Nigeria’s Federal Government 48 hours to detain suspended Deputy Police Commissioner, Abba Kyari, or face severe sanctions.

VERDICT: The claim is false and misleading. The US did not give Nigerian Federal Government 48 hours ultimatum to detain Abba Kyari.

FULL STORY: Tons of reactions have greeted the indictment of suspended Deputy Police Commissioner, Abba Kyari, by the United States District Court for the Central District of California.

The court indicted Kyari following his alleged involvement in the international scheme to defraud a Qatari school founder of over $1 million. The fraud scheme was masterminded by popular Instagram celebrity, Ramon Abbas, also known as Hushpuppi.

The Dangers In Mixing Toilet Cleaner With Bleach

Few weeks ago, Eniola Oyemolade, a journalist, decided to get creative while cleaning, by mixing a toilet cleaner and a bleach together. She did this with the thought that if one product works, mixing it with another would make it even better.

Unknowing to her, Mixing bleach with toilet cleaner creates a poisonous gas that can cause adverse health reactions, including death.

“After the mixture, I started feeling a burning sensation in my throat and I had to leave the room because the odour was really bad too,” she said.