My people, wetin happen for NGX no fit make you no reason am o! Na profit-takers don land for market wey cause am to slum down jare by 0.09 percent. E be like say investors dey lose their appetite for Nigerian stocks as dem dey sell hand plenty, especially in the banking sector wey don lose roughly 0.78 percent.
But wait o, no be only banking sector fall without support o. Even though consumer goods rise small by 0.10 percent and energy index dey up by 0.02 percent, the overall index no carry any good news for market on Friday.
Check am well, Livestock Feeds don crash down like Tonto Dikeh movie wey no get viewers, dey sell for N6.30 after a 10.00 percent drop. Learn Africa too join the party, wey fall to N8.10, while Living Trust Mortgage Bank find their way dey sell for N4.05 after dem drop the same 10.00 percent. Na wah, as Deap Capital lose 9.97 percent go N9.39 and Industrial and Medical Gases shed 9.61 percent finish for N31.50.
But no be everybody dey suffer, o! Some stocks shine bright like diamond. Zichis rise well well by 9.97 percent to N4.19, Abbey Mortgage Bank gain 9.94 percent to reach N9.40, and RT Briscoe no wan carry last as e jump 9.93 percent to N7.86. Haldane McCall and Omatek too no gree b there as dem grow by 9.90 percent and 9.87 percent respectively. Dis market dey dance jare!
As e be for market breadth index, e no too bad, as e show positive side wey carry 33 price gainers and 31 price losers. E mean say investors still dey get hope. But the All-Share Index no just dey smile at all, as e fall by 156.91 points from 165,527.31 to 165,370.40. Market capitalisation self no gree rest, as e lose N184 billion, dey drop from N105.969 trillion to N106.153 trillion. E be like say money dey waka anyhow!
Trading statistics show sey about 687.4 million equities wey value N15.0 billion change hands, with 41,553 deals done yesterday compare to 691.4 million equities worth N15.4 billion wey don trade for previous day, which show sey the number of deals dey jump by 7.47 percent, but trading volume and value still dey fall by 2.60 percent. Omo, wetin be dis? Trading dey shake like my village palm wine!
The baddest stock on Friday na Veritas Kapital as e dey top with 80.5 million units sell for N197.0 million, followed by Secure Electronic Technology wey move 79.3 million units worth N87.5 million. Access Holdings and Zenith Bank too sabi as dem make good sales. Money dey move, but e need check wey correct!
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