Positive sentiments ahead of the third quarter earnings and interim dividend declaration by listed firms have continued to lift transactions on the equities sector of the Nigerian Exchange Limited as price appreciations in Eterna Plc...
As measured by market breadth, market sentiment was positive, as 19 stocks gained, while 18 stocks lost. Guinea Insurance recorded the highest price gain of 9.09 per cent to close at 24 kobo. Eterna followed with a gain of 6.86 per cent to close at N14.80 and Unity Bank up by 5.49 per cent to close at 96 kobo.
FTN Cocoa Processors down by 6.29 per cent to close at N1.64, while Neimeth International Pharmaceuticals declined by 6.06 per cent to close at N1.55 kobo. UPDC depreciated by 5.30 kobo to close at N1.25 kobo. May&Baker shed three per cent to close at N4.85 kobo. CHI Plc dropped 2.46 per cent to close at N1.19 kobo. United Capital also dropped 2.35 per cent to close at N16.60 kobo.
The rivalry between the Naira and United States of America dollar further went south yesterday as the Nigerian currency slumped to a new low of N1, 100, allowing the dollar to garner more strength against it in the parallel market.