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NEM INSURANCE - NEWS
France re-introduced Airport Transit Visa (ATV) requirement for citizens of certain nationalities that holds a British long-stay visa.
The All-Share Index and Market Capitalization appreciated by 7.46% to close the week at 36,804.75 and N19.236 trillion respectively.
NEM Insurance Plc has announced the distribution of bonus shares of 4.7 billion at N0.50k worth N2.36 billion.
The local bourse recorded 40 losers against 6 gainers to begin trading on the negative route.
With 18 gainers and 16 losers, most sectoral indices rode on the back of gains by mid and large-cap stocks to close positive.
A total volume of 568million units of shares, valued at N7.32billion exchanged hands in 8,928 deals.
Twenty-one (21) equities appreciated at price during the week, lower than sixty-nine (69) equities in the previous week.
The market was mostly bearish on profit-taking from retail investors, notably on ZENITHBK (-1.73%) and MTNN (-1.29%).
RLA increased to N463 billion in Q2 2020, representing a 15.34% marginal increase compared with the same period in 2019.
The All Share Index surged beyond the set threshold of 5% triggering a 30-minute trading halt of all stocks.
Forty (40) equities appreciated at price during the week, lower than Sixty-eight (68) equities in the previous week.
The Nigerian bourse ended the week cumulatively on a less impressive note.