The Nigerian Equities Market started the week on a negative note as the All Share Index (ASI) marginally shed 0.05 per cent to peg the ASI at 43,230.34 basis points.
Consequently, on Monday, investors lost N12 billion from their investments at the Nigerian Exchange Limited as the negative sentiments pegged the equities market capitalization at N22.560 trillion.
This outing brought the month-to-date and year-to-date outings of the All-Share Index to stand at 2.83 per cent and 7.35 per cent respectively.
Market breadth closed in favour of the bulls with 20 counters in the gainers’ chart pitted against 14 counters in the losers’ chart.
Cutix, Livestock, Mutual Benefit, Japaul Gold and Prestige Insurance were the best performing stocks in the session as they populate the top five gainers’ chart.
From the rear of the chart Veritas Kapital, FTN Cocoa, Royal Exchange, Regal Insurance and Chams populated the top five losers’ charts.
Key sectorial indices recorded mixed performance, with the Oil and Gas sector gaining 0.08 per cent to become the best performing sector, as the Banking sector loses 0.37 per cent to become the worst performing sector.
Market activity as measured by both volume and value of trades lost weight in the session with daily traded volume standing at 293 million units, representing 6.80 per cent decrease from a volume of 315 million units traded in the previous session.
Value of traded stocks waned by 7.75 per cent in the session to stand at N4.289 billion as against a value of N4.649 billion recorded in the previous trading session.
Market activity for the session was dominated by the financial sector, with FBN Holdings being the most traded stock, as it is flanked by Access Bank, FCMB, Guaranty Trust Holding Company and Zenith Bank.
With regards to the value of traded stocks, FBN Holdings, MTN Nigeria, Guaranty Trust Holding Company, Access Bank and Zenith Bank made up the top five performers.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Viral Voice Note On WhatsApp Billing False
Claim: A viral WhatsApp voice note, purportedly made by the director and CEO of WhatsApp, claims users will have to start paying for WhatsApp services.
Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been circulated as a broadcast message several times in the past.
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.
and then