Emmanuel Ochayi
In a twist on the Nigerian Exchange Limited (NGX), trading activities dipped into bearish territory yesterday, causing equities to lose N6 billion.
The All-Share Index declined slightly by 0.02% to 67,206.16 points, marking a quieter day in the market with 5,998 deals compared to 6,272 deals the previous day. However, amidst this downturn, some companies shone brightly.
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Multiverse Mining and Exploration (MULTIVERSE), Chams Holdings (CHAMS), and Caverton Offshore Support Group (CAVERTON) emerged as the top gainers, boasting gains of +9.74%, +9.71%, and +9.35%, respectively.
FTN Cocoa Processors (FTNCOCOA) and Geregu Power (GEREGU) also made the list of the top five gainers with +8.97% and +7.71% gains.
On the flip side, eTranzact International (ETRANZACT) led the losers’ chart with a decline of -10.00%, while Sunu Assurances Nigeria (SUNUASSUR), Deap Capital Management & Trust (DEAPCAP), Eterna (ETERNA), and United Bank for Africa (UBA) were among the top five losers of the day.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
