The legal dispute stemmed from a series of allegations and counterclaims between Honeywell Flour Mills and Ecobank.A total of 473,492,114 million shares worth over N10.081bn were traded on the floor of the NGX in 7,403 deals. The year-to-date returns settled at 24.40 per cent.The fight for domination between the bears and bulls was reflected in the number of gainers and losers on the Exchange, with 27 stocks recording losses while 24 stocks posted gains.
Some investors capitalised on their positions in some bellwether shares, leading to profit-taking in Geregu , Zenith Bank , Wapco , Accesscorp , and FBNH . On the other side, there was an appreciation in the share price of Honeywell . Other notable gainers include Eterna , PZ , NB , MTNN , and GTCO . In terms of sectoral performances, three of the five sub-sector gauges tracked closed in green, with the NGX Insurance, NGX Consumer Goods, and NGX Oil/Gas indices experiencing declines of 0.52 per cent, 0.48 per cent, and 0.62 per cent, respectively, while the NGX Banking and NGX Industrial indexes registered gains of 2.05 per cent and 0.06 per cent, respectively.
In terms of volume, JapaulGold emerged as the most actively traded stock, with 77.98 million shares worth N64.59m changing hands in 355 deals.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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