Skip to content Skip to left sidebar Skip to right sidebar Skip to footer

Day: 13 May 2025

Page 2 of 7
1 2 3 4 … 7

Investors lose N297bn as NGX continues week in bearish territory

Investors in Nigerian Exchange Limited lost N297 billion or dipped by 0.44 percent to continue its Friday’s bearish trend.

This comes NGX market capitalisation dropped by N297 billion, falling to N68.042 trillion from N68.339 trillion on Friday.

The All-Share Index also declined by 471.93 points, or 0.44 percent, to close at 108,261.47, down from Friday’s 108,733.40.

This downward trend was driven by sustained profit-taking in Dangote Sugar, Guaranty Trust Holding Company, Vitafoam, AIICO Insurance, Zenith Bank, Fidelity Bank, and 20 others.

However, the market breadth ended positive with 39 gainers against 26 losers.

On the gainers table, Meyer Plc increased by 10 percent, settling at N8.80, while Multiverse Mining also gained by 10 percent, ending the session at N11 per share.

While Smart Products Nigeria Plc soared by 10 percent, closing at 55k, Beta Glass rose by 9.99 percent to close at N176.70 per share.

Haldane McCall Plc gained 9.88 percent, finishing at N4.67 per share.

On the flip side, E-Tranzact International fell by 10 percent, closing at N5.40, and John Holt declined by 9.48 percent, ending the session at N5.25 per share.

Union Dicon Salt shed 9.47 percent to close at N7.65, while C&I Leasing Plc dropped by 8.31 percent, finishing at N3.86 per share.

Linkage Assurance lost 8.06 percent, settling at N1.14 per share.

A total of 414.57 million shares worth N10.72 billion were exchanged across 16,664 transactions.

This is compared to 459.21 million shares worth N11.164 billion that were exchanged across 15,723 deals on Friday.

Transactions in the shares of Tantalizer topped the activity chart with 49.19 million shares worth N113.21 million.

VFD Group followed with 48.88 million shares valued at N782.31 million, while Access Corporation transacted 29.43 million shares worth N629.38 million.

Zenith Bank traded 24.316 million shares valued at N1.18 billion, and AIICO Insurance sold 19.108 million shares worth N30.98 million.

Investors lose N297bn as NGX continues week in bearish territory

NPFL: Abia Warriors will fortify team for continental engagement – Amapakabo

Abia Warriors technical adviser, Imama Amapakabo has promised to fortify the team ahead of their continental engagement next season.

The Umuahia-based club secured a place on the continent last weekend after a home win over El-Kanemi Warriors.

Amapakabo stated that his team will plan big for next season.

“There is no complete team universally every team requires an addition, let us not forget that we will be playing in a different stage from what we are used to,” Amapakabo told Abia Warriors media.

“There will be some additions to the team, we will plan big, the preparation for the competition starts immediately, we can’t relax now and it’s time for the serious work.

“We worked hard to be were we are now and move on from there.”

Abia Warriors will take on Ikorodu City in their last match of the season in Lagos.

NPFL: Abia Warriors will fortify team for continental engagement – Amapakabo

NPFL: Sunshine Stars suspend Ibrahim over inappropriate comments

Sunshine Stars have suspended Suraju Ibrahim over comments he made against the club and the Ondo State Government.

The suspension was contained in a statement signed by the club’s media officer Isaac Afolabi.

According to the statement, Ibrahim was seen in a viral video making inappropriate comments against his employers.

An internal investigation has been launched to determine the circumstances surrounding this act.

Sunshine Stars described the act as inconsistent with the core values of the team, which are discipline, respect, and professionalism.

“We do not intend to be unnecessarily harsh on any of our hardworking players,” part of the statement reads.

“We will not also tolerate any form of indiscipline from players, individuals whose actions do not reflect the values and intentions of the Owena Whales.

“Everyone associated with the club is expected to uphold its values, especially during this period.”

Sunshine Stars were relegated from the Nigeria Premier Football League (NPFL) following their 2-1 defeat to Niger Tornadoes in Ijebu-Ode on Sunday.

The Owena Whales will square up with El-Kanemi Warriors in the final match of the campaign in Maiduguri.

NPFL: Sunshine Stars suspend Ibrahim over inappropriate comments

Page 2 of 7
1 2 3 4 … 7