Business
NSE Market Indices Record Further Depreciation
Weekly activities at the
Nigerian Stock Exchange (NSE) ended on Friday with market indicators recording further depreciation of 0.07 per cent.
The Tide reports that the All-Share Index declined by 31.81 points or 0.07 per cent to close at 41,103.94 against 41,135.75 posted on Thursday.
Market capitalisation which opened at N13.582 trillion, lost N10 billion to close at N13.572 trillion due to price losses by some blue chip equities.
An analysis of the price movement chart indicated that Guinness led the losers’ chart with a loss of N8.54 to close at N195.7 per share. PZ Cussons came second with N1.1 loss to close at N32.15, while Mobil Oil lost 92k to close at N173.08 per share.
Nigerian Breweries dipped 43k to close at N176.66 and GTBank dropped 39k to close at N30.01 per share. Conversely, Cadbury topped the gainers’ chart, gaining N1.19 to close at N53.69 per share. Champion garnered N1.14 to close at N12.35, while CCNN rose by 67k to close at N15.75 per share. Oando Oil increased by 62k to close at N26.37, while UBN improved by 44k to close at N9.39 per share.
Skye Bank emerged the most traded stock, accounting for 303.04 million shares worth N732.44 million. Zenith Bank recorded a turnover of 26.32 million shares valued at N636.09 million, while Fidelity Bank sold 24.21 million shares valued at N49.59 million.
Ikeja Hotel accounted for 23.54 million shares worth N46.69 million, while UBA transacted 15.23 million shares valued at N101.60 million. In all, a total of 560.322 million shares worth N5.76 billion were traded by investors in 4,322 deals against the 673.973 million shares valued at N6.32 billion traded in 4,967 deals on Thursday.
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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