WAPCO, UBN stocks dips local equities market by 0.2 per cent

Sentiments were quickly reversed at the Nigerian Exchange (NGX) Limited on Thursday, as bears resurfaced to close the benchmark index with a 0.2 per cent descent; following profit-taking on WAPCO and Union Bank of Nigeria stock, the All Share Index (ASI) settled at 38.571.89 basis points.

Accordingly, the Month-to-Date and Year-to-Date losses increased to -1.2 per cent and – 4.2 per cent, respectively.

As measured by market breadth, market sentiment was negative, as 26 tickers declined relative to 16 gainers.
UAC Properties and PZ topped the losers’ list with a ten (10) per cent and 9.8 per cent decrease in their respective share value, while Guinness Nigeria and FTN Cocoa recorded the most significant gains of the day by ten per cent and 9.3 per cent.

Sectoral analysis indicated that the Insurance, Banking, and Industrial Goods indices recorded losses by 2.8 per cent, 1.0 per cent, 0.2 per cent, while the Consumer Goods and Oil & Gas indices recorded gains by 0.1 per cent respectively.

Despite the negative sentiments recorded for the day, there was an uptick in activities, as the total volume of trades increased by 14.9 per cent to 319.43 million units, valued at N1.78 billion, and exchanged in 4,158 deals.

Fidelity Bank was the toast of investors as it made the most traded stock by volume at 46.71 million units, while Guaranty Trust Bank was the most traded stock by value at N352.44 million.


COVID-19: Nigeria Recorded 624 New Infections Last Week, Lowest In Over Five Months

Last week, Nigeria recorded 624 new COVID-19 infections which is the lowest the country recorded in five months, Tribune Online analysis shows.

The 624 new cases reported between March 28 and April 3 is a reduction from the 849 recorded the previous week…WAPCO, UBN stocks dips local equities market by 0.2 per cent

Inside Ibadan Bound Train From Lagos

The train started the 156.65 kilometres journey to Lagos at exactly 08:00hrs. The pace of its acceleration was minimal.

At about 25 minutes, the train slowed down at the uncompleted Omi-Adio terminal, a village on the Abeokuta/Ibadan expressway; it’s a stone throw from Apata in Ibadan. Conveyance of passengers from there and other terminals has not kickstarted as the terminals are still under construction and workers were found there…WAPCO, UBN stocks dips local equities market by 0.2 per cent

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