Nigerian Stock Exchange
GSK, Stanbic IBTC, others lift NSE’s indices by N43 billion
Following price gains recorded by major blue chip stocks, transactions on the floor of Nigerian Stock Exchange ( NSE) continued in an upbeat yesterday, resulting to a further rise in market capitalisation by N43 billion.
Financial stocks boost NSE’s turnover by 87.8%
A total of 1,041 units of Federal Government bonds valued at N1.040million were traded this week in 10 deals, compared with a total of 2,360 units valued at N2.029million transacted last week in seven deals
NB, Stanbic IBTC, others drag market capitalisation by N43b
Specifically, at the close of trading yesterday, Nigerian Breweries emerged the day’s highest price loser with 4.90 kobo to close at N164.00 per share, Stanbic IBTC followed with 0.95 kobo to close at N40.05 per share.
Regulatory lapses threaten efforts to restore investors' confidence
Regulators' poor handling of infractions and enforcement of discipline among operators has been blamed for the recent scandal involving over N10billion, through the diversion and misappropriation of funds by Partnership Securities Limited (PSL), and its subsidiary companies – Partnership Investment Company Plc; Life Care Partners Limited; and SBDC Microfinance Bank Limited. Investors also believe that…
Indices sustain rising profile, up by N176b
Investors for the day exchanged 262.167 million shares worth N2.996 billion in 4283 deals against 367.068 million shares valued at N3.743 billion exchanged hands in 3773 deals.
Government is number one problem of NNPC, say stakeholders
The classic case of impunity in public service, exemplified by the ongoing feud between the Group Managing Director of the Nigeria National Petroleum Corporation..
Dangote Cement, Nestle, others lift NSE indices by N143b
Following price gains recorded by virtually all the blue chip stocks, especially Dangote Cement, and Nestle, equity transactions on the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as market capitalisation rose significantly by N143billion.
Nestle leads gainers on Exchange, index up by 0.1%
The Nigerian Stock Exchange (NSE) All-share index appreciated marginally by 0.1 per cent at the end of yesterday’s transactions, from 35,306.09 recorded on Tuesday to 35,358.57.