Capital Market

• Delists Cappa & D’Alberto from official list A TURNOVER of 1.663 billion shares worth N16.585 billion were traded this week in 23,591 deals by investors on the floor of the Nigeria Stock Exchange (NSE) in contrast to a total of 2.013 billion shares valued at N23.377 billion that changed hands 20,902 deals during the…

FOLLOWING the retirement of Igwe Ugochukwu Nnaemeka Achebe, Diamond Bank Plc, on Wednesday announced the appointment of Dr. Chris Ogbechie as the new Chairman of the Board of Directors. Igwe Achebe, has led the board since January 1, 2007.   The Bank in a notice dated January 13, 2015, to the Nigerian Stock Exchange (NSE),…

To focus on diversification of Abuja Exchange CAPITAL market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have initiated a dialogue with the Federal      Government and key stakeholders in the economy to ensure proper alignment…

THE daily official list of the Nigerian Stock Exchange swelled Thursday, with the listing of 7,600,403,900 ordinary shares of 50 kobo at N10.00 per share in the name of  Transcorp Hotel Plc.   The listing, added N79 billion value to the entire market capitalization of the NSE.   The company’s vision is to be the…

THE Johannesburg Stock Exchange (JSE), South Africa, is developing a strategic partnership with Nigerian Stock Exchange (NSE) that will benefit investors and create opportunities for cross-listing on both Exchanges. The two Exchanges are confident the collaboration will complement each other and ultimately strengthen other African economies.    The JSE, which ranks 19th largest exchange by market capitalisation in the world and the largest  in Africa, offers secure, efficient primary and secondary capital markets across a diverse range of instruments,…

AS the management of the Nigerian Stock Exchange (NSE) presents the score card of the market for 2014 tomorrow, data obtained from it has shown that five top stocbroking firms accounted for 51 per cent equity transactions valued N1.362 trillion during the period.   The companies are Stanbic IBTC Stockbroking Limited, CSL Stockbrokers Limited, Rencap…

The bulls continued to maintain a firm grip on the equity sector of the Nigerian Stock Exchange yesterday despite the few price gains recorded by some highly capitalised stocks, resulting to a further rise in market capitalisation by N51billion.Specifically, at the re-opening of the market for the week yesterday, 48 stocks appreciated in price while…

SOUTH African stocks rallied for the first day in seven, rising the most in 14 months, on higher commodity prices after European policy makers unveiled a loan fund of almost $1 trillion to curb the region's debt crisis.BHP Billiton Plc, Anglo American Plc and SABMiller Plc led the FTSE/JSE Africa All Share Index up 1,146.54,…

SOUTH Africa's FTSE/JSE Africa All Share Index slipped 27.70, or 0.1 per cent, to 27,580.22 in Johannesburg, paring its gain this week to 0.9 per cent.   Meanwhile, Kenya's All-share index closed at a 4 1/2-month high, adding 0.6 percent to 57.88 in Nairobi. Trading ended an hour earlier at 1 p.m. local time.

CONTINENTAL Reinsurance Plc has presented its unaudited financial performance for the third quarter ended September 30, 2009, to the council of the Nigerian Stock Exchange (NSE).   The result showed that the company recorded gross premium of N5.3 billion against N3.9 billion in the comparable period of 2008.

FOR the third quarter ended September 30, 2009, Dangote Flour Mills Plc, has declared operating profit of N10.53 billion, up from N4.03 billion recorded within the same period in 2008.   Profit after tax, according to the company is N7.6 billion against N1.8billion recorded within the same period in 2008 while earnings per share also went up from 35k per share to 152k.

Marginal gains recorded by a few blue chip stocks yesterday, enhanced the return of the bulls to the equities sector of the Nigerian Stock Exchange (NSE) as corporate performance indicators rose by 0.4 per cent.