Nigerian Stock Market Dips 0.12% Despite Gains in Insurance
On October 5, the Nigerian stock market closed at 250,501.51 points, reflecting a decline of 306.76 points or 0.12%. Investor caution persisted despite strong performances from select stocks, particularly in the insurance and agricultural sectors.
Sovereign Trust Insurance topped the gainers' list with a 10.00% increase, closing at N2.31. FTN Cocoa Processors followed closely with a 9.97% rise to N8.38, while Triple Gee and Company advanced by 9.87% to N2.56.
Livestock Feeds also saw a notable increase of 9.55%, closing at N9.75. Conversely, Critical Minerals Financing led the decliners, falling by 9.80% to N4.05.
Other notable declines included ABC Transport, which dropped 9.46% to N6.70, and Africa Prudential, which fell by 7.31% to N10.15. The Financial Services sector dominated trading, with over 517 million shares exchanged, while Nestle's decline of 5.17% to N2,750.00 negatively impacted the consumer goods sector.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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