Business
Banking Subsector Drives Volume At Exchange
Equity trading in the Nigerian Stock Exchange closed the three-day trading week with the banking sub-sector dominating the volume drivers’ table as it recorded 175.9 million shares worth N1 billion in 3154 deals. Volume in the sub-sector was buoyed by activities in the shares of Fidelity Bank Plc which traded 39.6 million shares valued at N101.6 million in 272 transactions. It was followed by First Bank of Nigeria Plc with 217 million shares worth N304.8 million in 798 trades.
The banking sub-sector also dominated other sub-sectors of the market in volume terms as the market re-opened for the week with transactions done in 3,013 deals, it recorded 463.1 million shares worth N1.4 billion.
The Insurance sub-sector, on the last trading day, emerged second with 72.8 million shares worth N64.9 million in 455 deals compared with 37.8 million shares valued at N29.2 million in 439 deals which it recorded the first trading of the review week.
Volume in the insurance sub-sector was boosted by activities in the shares of Cornerstone Insurance Plc and AIICO Insurance Plc which exchanged 41.9 million shares and 12 million shares valued at N24.3 million and N10.7 in 34 deals and 222 deals respectively.
The food/beverages and tobacco sub-sector as usual trailed the Insurance sub-sector exchanging 28 million shares worth N369 million in 483 trades compared with 7.5 million shares worth N126.4 million recorded at the beginning of the week in 371 deals.
In all, the market turned over 356.1 million shares worth N2.1 billion down from 422.7 million shares worth N2.7 billion exchanged in 6,305 deals the previous day.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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