For the first time in several years, the NGX-Insurance index led the gainers' chart on the equities sector of the Nigerian Exchange Limited with 0.8 per cent, buoyed by price appreciation in Regency Alliance insurance and Lasaco Insurance .For the first time in several years, the NGX-Insurance index led the gainers’ chart on the equities sector of the Nigerian Exchange Limited with 0.8 per cent, buoyed by price appreciation in Regency Alliance insurance and Lasaco Insurance .
The financial services industry led the activity chart with 1.2 billion shares valued at N15 billion traded in 18,782 deals; thus contributing 71.8 per cent to the total equity turnover volume. A total of 292,878 units of bonds valued at N294 million were traded in 27 deals compared to a total of 433,721 units worth N439.5 million transacted last week in nine deals.
“One potential factor that could change the direction of activities may be upcoming share issuances by banks, however, the timelines for these issuances remain unclear. Notwithstanding, we advise investors to trade cautiously over the near term in fundamentally justified names. Dairy farmers in Kano have experienced improved productivity across value chain and fewer conflicts between herders and farmers through partnering with Outspan Nigeria.Olam Agri in Nigeria, an agribusiness in food, feed and fibre, has restated its commitment to continue investment in agricultural values chain, just as it sets the pace in promoting the African continent’s rich cultural diversity.
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