- As NSE All-Share Index drops by 0.77% on profit taking
Ikeja Electric Plc, Nigeria’s largest electricity distribution company, has joined the global fight against malaria as it marked World Malaria Day with the donation of treated mosquito nets and medical tests to six riverine communities in Lagos.
Determined to combat the dreaded disease, which is prevalent in sub-Saharan Africa, Ikeja Electric partnered with frontline Health Management Organization, Hygeia HMO Limited, to donate the Malaria prevention items to residents of Olambe, Igando, Ilaje-Bariga, Ijede, Oke-ira and Aboru communities of Lagos State.
IE’s Head Corporate Communications of Ikeja Electric, Felix Ofulue explained that as a socially responsible corporate citizen, the Day provided an opportunity for the company to provide support in fighting malaria and contributing its quota to ensuring a relatively healthier society.
“In line with this year’s theme, we are working to bridge the gap in malaria prevention in riverine communities and that is why we decided to partner with Hygeia to sensitize the community on Malaria prevention with the distribution of over 1000 treated mosquito nets and also provided provide free medical tests and treatment to members of communities most prone to the disease”, he said.
To ensure a seamless intervention exercise, Ikeja Electric had earlier on mobilized communities via various Community Development Committees, who in turn called on risk prone members of communities such as pregnant women and nursing mothers, urging them to attend the medical intervention exercise. Hygiea on their part, deployed mini malaria test centers across all locations visited. The treated nets were then distributed after representatives educated on the need to keep living areas neat and free from stagnant and dirty water which makes a good breeding ground for mosquitoes.
Some of the beneficiaries of the initiative commended the company for its efforts in giving back to the society. The initiative, which is part of Ikeja Electric’s Personal-Corporate Social Responsibility (P-CSR) Action plan, forms part of IE’s long standing commitment to giving back to host communities within her coverage area.
In the meantime, activities on the Nigerian Stock Exchange (NSE) closed negatively on Wednesday, halting the two-day price rally, due to profit taking.
It was reported that the All-Share Index closed lower at 25,620.94, compared with the 25,818.87 recorded on Tuesday, indicating a loss of 197.93 points or 0.77 per cent.
Also, the market capitalisation which opened at N8.933 trillion lost N68 billion or 0.76 per cent to close at N8.865 trillion.
An analysis of the price movement chart showed that major blue chips posted price depreciation with Dangote Cement dropping by N6 to close at N159 per share, to lead the losers’ chart.
Presco trailed with a loss of N1.70 to close at N45 and UACN was down by 43k to close at N14 per share.
Beta Glass shed 40k to close at N46, while Air Services decreased by 13k to close at N4.17 per share.
On the other hand, Seplat led the gainers’ table for the day, gaining N5, to close at N410 per share.
Okomu Oil followed with a gain of N1.40 to close at N48, while Stanbic IBTC gained N1.11 to close at N23.42 per share.
International Breweries appreciated by 34k to close at N17.84 and Oando increased by 33k to close at N5.73 per share.
The volume of shares traded closed higher with a total of 255.73 million shares valued at N1.67 billion, transacted in 2,845 deals.
This was against the 127.43 million shares worth N909.33 million exchanged in 3,176 deals on Tuesday.
Transcorp was the toast of investors, accounting for 56 million shares valued at N48.09 million.
Oando sold 45.43 million shares worth N267.28 million, while UAC Property transacted 25.49 million shares valued at N47.44 million.
Diamond Bank posted a turnover of 18.17 million shares worth N15.17 million and FBN Holdings exchanged 16.33 million shares valued at N56.33 million.