Business
Transactions On NSE Sustain Negative Trend With 0.60%
Transactions on Nigerian Stock Exchange (NSE) ended for the week on Friday with a loss of 0.60 per cent due to huge losses by some blue chips.
Nestlé recorded the highest price loss to lead the losers’ table by N15 to close at N1,380 per share.
Seplat came second with N7 to close at N760, while Presco dipped N1.85 to close at N72.50 per share.
Zenith International Bank was down by N1.15 to close at N27.60, while Dangote Sugar lost N1.10 to close at N20.90 per share.
The All-Share Index which opened at 42,185.38 shed 249.48 points or 0.60 per cent to close at 41,935.90.
Market capitalisation shed N90 billion or 0.60 per cent to close at N15.001 trillion in contrast with N15.091 trillion achieved on Thursday.
On the other hand, Dangote Cement led the gainers’ table by N1.40 to close at N264 per share.
Flour Mills followed with a gain of 65k to close at N38, while Guinness garnered 40k to close at N100.20 per share.
FBN Holdings increased by 30k to close at N11.70, while Unilever appreciated by 25k to close at N53.15 per share.
However, the volume of shares transacted increased marginally by 5.45 per cent with an exchange of 426.73 million shares worth N7.09 billion traded in 5,191 deals.
This was against a total of 404.66 million shares valued at N6.03 billion achieved in 5,403 deals on Thursday.
Banking stocks dominated the day’s activities with Zenith International Bank emerging the most active with 87.42 million shares worth N2.46 billion.
Fidelity Bank followed with an account of 46.37 million valued at N111.74 million, while FBN Holdings traded 42.75 million shares worth N494.73 million.
Access Bank exchanged 37.24 million shares valued at N30.49 million, while Guaranty Trust Bank traded 31.96 million shares worth N1.44 billion.
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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