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NEM INSURANCE - NEWS
29 equities appreciated at price during the week, lower than thirty-one 31 equities in the previous week.
29 equities appreciated in price during the week, lower than 31 equities in the previous week.
Scarcity of dollar, depressed oil prices and limited fiscal support to contract economy further.
This was partly triggered by soaring crude oil prices despite the resurgence of the COVID-19 pandemic.
This was triggered by buying pressures from institutional investors on blue-chip stocks.
Market breadth index was slightly negative with 12 losers against 10 gainers.
STERLNBK was the most traded stock by volume at 78.9million units.
Trading in the top three equities accounted for 275.099 million shares worth N2.818 billion in 3,497 deals.
The Consumer Goods sector closed as the lone gainer at 0.18%, saved by OKOMUOIL and NB.
Across sectors, three of the five indexes under our coverage closed in the red.
Nigerian bourse finished the week on a positive note as blue chip stocks AIRTEL, NESTLE, NB brought the bulls back in.
Market sentiment, as measured by market breadth, was positive, as 9 stocks gained, relative to 8 decliners.Crude oil printed lower