Honeywell Flour traded up by 9.7 per cent to close at N2.27. Jaiz Bank went up 9.5 per cent to N0.81. Caverton rose to N1.19, notching up 8.2 per cent in the process. Japaul Gold added 8 per cent to end trade at N0.27. Mansard completed the top 5, climbing by 7.6 per cent to N1.85.McNichols was the worst performing stock, declining by 9.8 per cent to close at N0.74. Wapic shed 9.8 per cent to close at N0.37. Chams fell to N0.23, losing 8 per cent. NGX Group slumped to N21.35, recording 2.
had 9.4 million shares valued at N191 million traded in 350 deals. Zenith traded 9.3 million shares estimated at N196.2 million in 350 transactions. traded 6.4 million shares valued at N3.8 million in 64 deals.
That’s good news because naturally when interest rates are raised to curb inflation (in our case for two consecutive months ), investors usually go for debt instruments due to the less risk attached to them and the higher yields obtainable in such scenarios. This is good .
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