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  •  The domestic stock market on Tuesday closed on a negative note with market capitalisation shedding N15 billion or 0 56 per cent to close at N26 517 trillion as against N26 532 trillion recorded the previous day Also the All Share Index ASI lost 27 87 points or 0 56 per cent to close at 49 161 45 compared with 49 189 32 recorded on Monday The weak performance was driven by sell off in shares of Guaranty Trust Holding Company GTCO United Bank for Africa UBA Access Holding and FBN Holdings Consequently the year to date YTD return fell to 15 09 per cent Market breadth closed negative as 17 stocks declined while 14 advanced NGX Group and Multiverse Mining amp Exploration led the gainers table during the day gaining 10 per cent each to close at N19 80 and N3 41 per share Eterna followed by gaining 9 91 per cent to close at N6 32 while Courteville Business Solutions added by 8 89 per cent to close at 49k per share Champion Breweries appreciated by 8 53 per cent to close at N3 69 per share On the other hand May amp Baker topped the losers chart shedding 9 79 per cent to close at N3 50 per share Regency Alliance Insurance trailed with a loss of 7 69 per cent to close at 24k while Vitafoam Insurance declined by 5 38 per cent to close at N20 per share Unilever and Glaxosmith were down by 5 38 per cent and 5 08 per cent each to close at N12 30k and N5 60 per share respectively A total of 139 24 million shares valued at N1 60 billion were exchanged in 3 421 deals compared to Transcorp was the most active stock exchanging 38 46 million shares worth N38 99 million Zenith Bank followed with an account of 35 74 million shares valued at N710 83 million while FCMB traded 30 19 million shares worth N105 61 million Vitafoarm sold 18 13 million shares valued at N362 77 million while Linkage Assurance exchanged 8 89 million shares worth N4 18 million NewsSourceCredit NAN
    Nigerian bourse drops N15bn in bearish trading
     The domestic stock market on Tuesday closed on a negative note with market capitalisation shedding N15 billion or 0 56 per cent to close at N26 517 trillion as against N26 532 trillion recorded the previous day Also the All Share Index ASI lost 27 87 points or 0 56 per cent to close at 49 161 45 compared with 49 189 32 recorded on Monday The weak performance was driven by sell off in shares of Guaranty Trust Holding Company GTCO United Bank for Africa UBA Access Holding and FBN Holdings Consequently the year to date YTD return fell to 15 09 per cent Market breadth closed negative as 17 stocks declined while 14 advanced NGX Group and Multiverse Mining amp Exploration led the gainers table during the day gaining 10 per cent each to close at N19 80 and N3 41 per share Eterna followed by gaining 9 91 per cent to close at N6 32 while Courteville Business Solutions added by 8 89 per cent to close at 49k per share Champion Breweries appreciated by 8 53 per cent to close at N3 69 per share On the other hand May amp Baker topped the losers chart shedding 9 79 per cent to close at N3 50 per share Regency Alliance Insurance trailed with a loss of 7 69 per cent to close at 24k while Vitafoam Insurance declined by 5 38 per cent to close at N20 per share Unilever and Glaxosmith were down by 5 38 per cent and 5 08 per cent each to close at N12 30k and N5 60 per share respectively A total of 139 24 million shares valued at N1 60 billion were exchanged in 3 421 deals compared to Transcorp was the most active stock exchanging 38 46 million shares worth N38 99 million Zenith Bank followed with an account of 35 74 million shares valued at N710 83 million while FCMB traded 30 19 million shares worth N105 61 million Vitafoarm sold 18 13 million shares valued at N362 77 million while Linkage Assurance exchanged 8 89 million shares worth N4 18 million NewsSourceCredit NAN
    Nigerian bourse drops N15bn in bearish trading
    Economy2 months ago

    Nigerian bourse drops N15bn in bearish trading

    The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day.

    Also, the All-Share Index (ASI) lost 27. 87 points or 0.56 per cent to close at 49,161.45 compared with 49,189.32 recorded on Monday.

    The weak performance was driven by  sell-off in shares of  Guaranty Trust Holding Company (GTCO),United Bank for Africa (UBA), Access Holding and FBN Holdings.

    Consequently, the year-to-date (YTD) return fell to 15.09 per cent.

    Market breadth closed negative as 17 stocks declined while 14 advanced.

    NGX Group and Multiverse Mining & Exploration led the gainers’ table during the day, gaining 10 per cent each to close at N19.80 and N3.41 per share.

    Eterna followed by gaining 9.91 per cent to close at N6.32, while Courteville Business Solutions added by 8.89 per cent to close at 49k per share.

    Champion Breweries appreciated by 8.53 per cent to close at N3.69 per share.

    On the other hand, May & Baker topped the losers’ chart, shedding 9.79 per cent to close at N3.50 per share.

    Regency Alliance Insurance trailed with a loss of 7.69 per cent to close at 24k, while Vitafoam Insurance declined by 5.38 per cent to close at N20 per share.

    Unilever and Glaxosmith were down by 5.38 per cent and 5.08 per cent each to close at N12.30k and N5.60 per share, respectively.

    A total of 139.24 million shares valued at N1.60 billion were exchanged in 3, 421 deals, compared to .

    Transcorp was the most active stock, exchanging 38.46 million shares worth N38.99 million.

    Zenith Bank followed with an account of 35.74 million shares valued at N710.83 million, while FCMB traded 30.19 million shares worth N105.61 million.

    Vitafoarm sold 18.13 million shares valued at N362.77 million, while Linkage Assurance  exchanged 8.89 million shares worth N4.18 million.


    NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX was upbeat on Monday as market capitalisation increased by N87 billion or 0 33 per cent to close at N26 532 trillion from N26 445 trillion recorded on Friday Also the All Share Index ASI increased by 162 70 basis points representing a rise of 0 33 per cent to close at 49 189 32 from 49 026 62 posted on Friday Renewed investors interest in BUA Cement Guaranty Trust Holding Company GTCO and Zenith Bank were the primary drivers of the overall strong performance of the market Consequently the year to date YTD return rose to 15 22 per cent The market breath closed negative as as 12 stocks advanced and 17 stocks declined Multiverse Mining amp Exploration led the gainers table during the day gaining by 10 per cent to close at N3 10 per share FCMB followed with a gain of 8 02 per cent to close at N3 50 while Union Bank of Nigeria UBN inched up by 7 83 per cent to close at N6 20 per share Japaul Gold amp Ventures grew by 7 41 per cent to close at 29k per share NGX Group appreciated by 5 88 per cent to close at N18 per share On the other hand Academy Press topped the losers chart depreciating by 10 per cent to close at N1 53 per share NEM Insurance trailed with a loss of 8 91 per cent to close at N4 91 while Neimeth declined by 8 33 per cent to close at N1 43 per share Champion Breweries was down by 7 86 per cent to close at N3 40 while Chams lost by 7 41 per cent to close at 25k per share Transactions in the shares of Courteville Business Solutions topped the activity chart with 24 36 million shares valued at N10 96 million FCMB followed with 20 million shares worth N69 43 million while Zenith Bank traded 8 87 million shares valued at N177 14 million Transcorp traded 5 92 million shares valued at N6 15 million while United Bank for Africa UBA transacted 5 88 million shares worth N42 64 million NewsSourceCredit NAN
    Stock market rebounds by N87bn, index up 0.33%
     The Nigerian Exchange Ltd NGX was upbeat on Monday as market capitalisation increased by N87 billion or 0 33 per cent to close at N26 532 trillion from N26 445 trillion recorded on Friday Also the All Share Index ASI increased by 162 70 basis points representing a rise of 0 33 per cent to close at 49 189 32 from 49 026 62 posted on Friday Renewed investors interest in BUA Cement Guaranty Trust Holding Company GTCO and Zenith Bank were the primary drivers of the overall strong performance of the market Consequently the year to date YTD return rose to 15 22 per cent The market breath closed negative as as 12 stocks advanced and 17 stocks declined Multiverse Mining amp Exploration led the gainers table during the day gaining by 10 per cent to close at N3 10 per share FCMB followed with a gain of 8 02 per cent to close at N3 50 while Union Bank of Nigeria UBN inched up by 7 83 per cent to close at N6 20 per share Japaul Gold amp Ventures grew by 7 41 per cent to close at 29k per share NGX Group appreciated by 5 88 per cent to close at N18 per share On the other hand Academy Press topped the losers chart depreciating by 10 per cent to close at N1 53 per share NEM Insurance trailed with a loss of 8 91 per cent to close at N4 91 while Neimeth declined by 8 33 per cent to close at N1 43 per share Champion Breweries was down by 7 86 per cent to close at N3 40 while Chams lost by 7 41 per cent to close at 25k per share Transactions in the shares of Courteville Business Solutions topped the activity chart with 24 36 million shares valued at N10 96 million FCMB followed with 20 million shares worth N69 43 million while Zenith Bank traded 8 87 million shares valued at N177 14 million Transcorp traded 5 92 million shares valued at N6 15 million while United Bank for Africa UBA transacted 5 88 million shares worth N42 64 million NewsSourceCredit NAN
    Stock market rebounds by N87bn, index up 0.33%
    Economy2 months ago

    Stock market rebounds by N87bn, index up 0.33%

    The Nigerian Exchange Ltd. (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday.

    Also, the All-Share Index (ASI) increased by 162.70 basis points, representing a rise of 0.33 per cent to close at 49,189.32 from 49, 026.62 posted on Friday.

    Renewed investors’ interest in BUA Cement, Guaranty Trust Holding Company (GTCO) and Zenith Bank were the primary drivers of the overall strong performance of the market.

    Consequently, the year-to-date (YTD) return rose to 15.22 per cent.

    The market breath closed negative as as 12 stocks advanced and 17 stocks declined.

    Multiverse Mining & Exploration led the gainers’ table during the day, gaining by 10 per cent to close at N3.10 per share.

    FCMB followed with a gain of 8.02 per cent to close at N3.50, while Union Bank of Nigeria (UBN) inched up by 7.83 per cent to close at N6.20 per share.

    Japaul Gold &Ventures grew by 7.41 per cent to close at 29k per share.

    NGX Group appreciated by 5.88 per cent to close at N18 per share.

    On the other hand, Academy Press topped the losers’ chart, depreciating by 10 per cent to close at N1.53 per share.

    NEM Insurance trailed with a loss of 8.91 per cent to close at N4.91, while Neimeth declined by 8.33 per cent to close at N1.43 per share.

    Champion Breweries was down by 7.86 per cent to close at N3.40, while Chams lost by 7.41 per cent to close at 25k per share.

    Transactions in the shares of Courteville Business Solutions topped the activity chart with 24.36 million shares valued at N10.96 million.

    FCMB followed with 20 million shares worth N69.43 million, while Zenith Bank traded 8.87 million shares valued at N177.14 million.

    Transcorp traded 5.92 million shares valued at N6.15 million, while United Bank for Africa(UBA) transacted 5.88 million shares worth N42.64 million.


    NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX recorded another positive performance on Friday with a gain of N84 65 billion market capitalisation closed at N26 994 trillion from N26 909 trillion on Thursday Also the All Share Index ASI increased by 156 03 points or 0 31 per cent to close at 50 045 83 from 49 889 80 trillion recorded on Thursday The upturn was due to gains recorded in large and medium capitalised stocks amongst which are Zenith Bank Stanbic Bank Nigerian Breweries and MTN Nigeria Communications MTNN The market closed positive as 21 stocks gained relative to nine losers FCMB Group recorded the highest gain of 9 06 per cent to close at N3 49 per share Stanbic Bank followed with 6 45 per cent to close at N33 while Etranszact rose by six per cent to close at N2 65 per share Transcorp rose by 4 76 per cent to close at N1 10 while NPF Microfinance appreciated by 4 52 per cent to close at N1 62 per share Courtville Business Solutions gained by 4 17 per cent to close at 50k per share On the other hand Caverton Offshore Support Group led the losers chart by 9 50 per cent to close at N1 62 per share Eterna followed with 9 17 per cent to close at N5 45 while NCR shed 9 09 per cent to close at N3 per share Japaul Gold and Ventures lost 7 50 per cent to close at 37k while Ecobank Transnational Incorporated shed 7 20 per cent to close at N11 60 per share However the total volume traded decreased to 240 02 million units valued at N2 68 billion and exchanged in 3 435 deals This was in contrast with 229 12 million shares worth N1 75 billion traded in 3 575 deals on Thursday Transactions in the shares of Sterling Bank topped the activity chart with 93 7 million shares valued at N136 01 million Fidelity Bank followed with 28 77 million shares valued at N97 1 million Fidson Healthcare followed with 13 85 million shares worth N130 38 million while Guaranty Trust Holding traded 13 04 million shares valued at N258 52 million NewsSourceCredit NAN
    NGX extends bullish run, gains N85bn
     The Nigerian Exchange Ltd NGX recorded another positive performance on Friday with a gain of N84 65 billion market capitalisation closed at N26 994 trillion from N26 909 trillion on Thursday Also the All Share Index ASI increased by 156 03 points or 0 31 per cent to close at 50 045 83 from 49 889 80 trillion recorded on Thursday The upturn was due to gains recorded in large and medium capitalised stocks amongst which are Zenith Bank Stanbic Bank Nigerian Breweries and MTN Nigeria Communications MTNN The market closed positive as 21 stocks gained relative to nine losers FCMB Group recorded the highest gain of 9 06 per cent to close at N3 49 per share Stanbic Bank followed with 6 45 per cent to close at N33 while Etranszact rose by six per cent to close at N2 65 per share Transcorp rose by 4 76 per cent to close at N1 10 while NPF Microfinance appreciated by 4 52 per cent to close at N1 62 per share Courtville Business Solutions gained by 4 17 per cent to close at 50k per share On the other hand Caverton Offshore Support Group led the losers chart by 9 50 per cent to close at N1 62 per share Eterna followed with 9 17 per cent to close at N5 45 while NCR shed 9 09 per cent to close at N3 per share Japaul Gold and Ventures lost 7 50 per cent to close at 37k while Ecobank Transnational Incorporated shed 7 20 per cent to close at N11 60 per share However the total volume traded decreased to 240 02 million units valued at N2 68 billion and exchanged in 3 435 deals This was in contrast with 229 12 million shares worth N1 75 billion traded in 3 575 deals on Thursday Transactions in the shares of Sterling Bank topped the activity chart with 93 7 million shares valued at N136 01 million Fidelity Bank followed with 28 77 million shares valued at N97 1 million Fidson Healthcare followed with 13 85 million shares worth N130 38 million while Guaranty Trust Holding traded 13 04 million shares valued at N258 52 million NewsSourceCredit NAN
    NGX extends bullish run, gains N85bn
    Economy3 months ago

    NGX extends bullish run, gains N85bn

    The Nigerian Exchange Ltd., (NGX) recorded another positive performance on Friday, with a gain of N84.65 billion market capitalisation closed at N26,994 trillion from N26,909 trillion on Thursday.

    Also, the All-Share Index (ASI) increased by 156.03 points or 0.31 per cent to close at 50,045.83 from 49,889.80 trillion recorded on Thursday.

    The upturn was due to gains recorded in large and medium capitalised stocks, amongst which are: Zenith Bank, Stanbic Bank, Nigerian Breweries and MTN Nigeria Communications (MTNN).

    The market closed positive as 21 stocks gained relative to nine losers.

    FCMB Group recorded the highest gain of 9.06 per cent to close at N3.49 per share.

    Stanbic Bank followed with 6.45 per cent to close at N33, while Etranszact rose by six per cent to close at N2.65 per share.

    Transcorp rose by 4.76 per cent to close at N1.10, while NPF Microfinance appreciated by 4.52 per cent to close at N1.62 per share.

    Courtville Business Solutions gained by 4.17 per cent to close at 50k per share.

    On the other hand, Caverton Offshore Support Group led the losers’ chart by 9.50 per cent to close at N1.62 per share.

    Eterna followed with 9.17 per cent to close at N5.45, while NCR shed 9.09 per cent to close at N3 per share.

    Japaul Gold and Ventures lost 7.50 per cent to close at 37k, while Ecobank Transnational Incorporated shed 7.20 per cent to close at N11.60 per share.

    However, the total volume traded decreased to 240. 02 million units valued at N2,68 billion and exchanged in 3,435 deals.

    This was in contrast with 229.12 million shares worth N1.75 billion traded in 3,575 deals on Thursday.

    Transactions in the shares of Sterling Bank topped the activity chart with 93.7 million shares valued at N136.01 million.

    Fidelity Bank followed with 28.77 million shares valued at N97.1 million.

    Fidson Healthcare followed with 13.85 million shares worth N130.38 million, while Guaranty Trust Holding traded 13.04 million shares valued at N258.52 million.


    NewsSourceCredit: NAN

  •  Trading on the domestic stock market remained bullish with the market capitalisation gaining N28 73 billion to close at N26 908 trillion from N26 880 trillion posted on Wednesday Similarly the All Share Index rose by 53 29 points or 0 11 per cent to close at 49 889 80 from 49 836 51 achieved on Wednesday The upturn was impacted by gains recorded in medium and large capitalised stocks amongst which are Consolidated Hallmark Insurance Pharm Deko and FCMB On performance of the market analysts at Vetiva Dealing and Brokage said The month started off positive despite the drawback seen in market sentiment Barring any large volume transactions tomorrow we anticipate a quiet close to the week The market breadth closed positive with 14 gainers against 12 losers Pharma Deko led the gainers chart in percentage terms with 7 43 per cent to close at N1 88 per share UPDC and Consolidated Hallmark Insurance followed appreciating by five per cent each to close at N1 05 and 63k per share FCMB Group went up by 4 92 per cent to close at N3 20 while Fidelity Bank appreciated by 4 39 per cent to close at N3 33 per share On the other hand Mutual Benefits Assurance led the losers chart in percentage terms by 9 38 per cent to close at 29k per share Computer Warehouse Group followed with a decline of 9 09 per cent to close at 90k while Transcorp Nigeria shed 7 08 per cent to close at N1 05 per share Lasaco Assurance lost 6 8 per cent to close at 96k while Sterling Bank depreciated by 4 52 per cent to close at N1 48 per share Transactions in the shares of Sterling Bank topped the activity chart with 108 7 million shares valued at N159 82 million Guaranty Trust Holding Company followed with 34 52 million shares worth N680 45 million while Fidelity Bank traded 15 55 million shares valued at N50 59 million Mutual Benefits Assurance traded 9 18 million shares worth N2 77 million while Zenith Bank transacted 7 45 million shares worth N162 32 million However the total volume and value of trades fell by 38 per cent and 46 per cent each to 229 12 million shares and N1 75 billion respectively which were traded in 3 575 deals This was in contrast with 367 34 million shares worth N3 24 billion exchanged in 3 725 deals recorded on Wednesday www ng NewsSourceCredit NAN
    Stock market gains N29bn, indices up 0.11%
     Trading on the domestic stock market remained bullish with the market capitalisation gaining N28 73 billion to close at N26 908 trillion from N26 880 trillion posted on Wednesday Similarly the All Share Index rose by 53 29 points or 0 11 per cent to close at 49 889 80 from 49 836 51 achieved on Wednesday The upturn was impacted by gains recorded in medium and large capitalised stocks amongst which are Consolidated Hallmark Insurance Pharm Deko and FCMB On performance of the market analysts at Vetiva Dealing and Brokage said The month started off positive despite the drawback seen in market sentiment Barring any large volume transactions tomorrow we anticipate a quiet close to the week The market breadth closed positive with 14 gainers against 12 losers Pharma Deko led the gainers chart in percentage terms with 7 43 per cent to close at N1 88 per share UPDC and Consolidated Hallmark Insurance followed appreciating by five per cent each to close at N1 05 and 63k per share FCMB Group went up by 4 92 per cent to close at N3 20 while Fidelity Bank appreciated by 4 39 per cent to close at N3 33 per share On the other hand Mutual Benefits Assurance led the losers chart in percentage terms by 9 38 per cent to close at 29k per share Computer Warehouse Group followed with a decline of 9 09 per cent to close at 90k while Transcorp Nigeria shed 7 08 per cent to close at N1 05 per share Lasaco Assurance lost 6 8 per cent to close at 96k while Sterling Bank depreciated by 4 52 per cent to close at N1 48 per share Transactions in the shares of Sterling Bank topped the activity chart with 108 7 million shares valued at N159 82 million Guaranty Trust Holding Company followed with 34 52 million shares worth N680 45 million while Fidelity Bank traded 15 55 million shares valued at N50 59 million Mutual Benefits Assurance traded 9 18 million shares worth N2 77 million while Zenith Bank transacted 7 45 million shares worth N162 32 million However the total volume and value of trades fell by 38 per cent and 46 per cent each to 229 12 million shares and N1 75 billion respectively which were traded in 3 575 deals This was in contrast with 367 34 million shares worth N3 24 billion exchanged in 3 725 deals recorded on Wednesday www ng NewsSourceCredit NAN
    Stock market gains N29bn, indices up 0.11%
    Economy3 months ago

    Stock market gains N29bn, indices up 0.11%

    Trading on the domestic stock market remained bullish with the market capitalisation gaining N28.73 billion to close at N26.908 trillion from N26.880 trillion posted on Wednesday.

    Similarly, the All Share Index rose by 53.29 points or 0.11 per cent to close at 49,889.80 from 49, 836.51 achieved on Wednesday.

    The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Consolidated Hallmark Insurance, Pharm-Deko and FCMB.

    On performance of the market, analysts at Vetiva Dealing and Brokage said, “The month started off positive, despite the drawback seen in market sentiment.

    “Barring any large volume transactions tomorrow, we anticipate a quiet close to the week.

    ” The market breadth closed positive with 14 gainers against 12 losers.

    Pharma-Deko led the gainers’ chart in percentage terms with 7.43 per cent to close at N1.88 per share.

    UPDC and Consolidated Hallmark Insurance followed, appreciating by five per cent each to close at N1.05  and 63k per share.

    FCMB Group went up by 4.92 per cent to close at N3.20 while Fidelity Bank appreciated by 4.39 per cent to close at N3.33 per share.

    On the other hand, Mutual Benefits Assurance led the losers’ chart in percentage terms by 9.38 per cent to close at 29k per share.

    Computer Warehouse Group followed with a decline of 9.09 per cent to close at 90k, while Transcorp Nigeria shed 7.08 per cent to close at N1.05 per share.

    Lasaco Assurance lost 6.8 per cent to close at 96k, while Sterling Bank depreciated by 4.52  per cent to close at N1.48 per share.

    Transactions in the shares of Sterling Bank topped the activity chart with 108.7 million shares valued at N159.82 million.

    Guaranty Trust Holding Company followed with 34.52 million shares worth N680.45 million, while Fidelity Bank traded 15.55 million shares valued at N50.59 million.

    Mutual Benefits Assurance traded 9.18 million shares worth N2.77 million, while Zenith Bank transacted 7.45 million shares worth N162.32 million.

    However, the total volume and value of trades fell by 38 per cent and 46 per cent each  to 229.12 million shares and N1.75 billion respectively, which were traded in 3,575 deals.

    This was in contrast with 367.34 million shares worth N3.24 billion exchanged in 3,725 deals recorded on Wednesday.

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    NewsSourceCredit: NAN

  •  The equity market extended losses on Tuesday as the market capitalisation dropped by 0 07 per cent to close at N26 776 trillion from the 26 794 trillion on Monday Similarly the All Share Index dipped further by 34 06 points or 0 07 per cent to 49 642 69 from 49 676 75 recorded on Monday The negative performance was due to selloffs in stocks of MTN Nigeria and Tier One banks which included Guaranty Trust Holding Company GTCO and Access Holdings Analysts at GTI Research said Sell pressure persists extending the bearish trend as investors continue to react to prevailing sovereign risk and interest rate environment We expect the trend to continue till the end of the week Overall there were 13 gainers and 13 losers with E Tranzact International leading the gainers chart with 9 65 per cent to close at N2 50 per share Sovereign Trust Insurance followed with a rise of 7 69 per cent to close at 28k while Vitafoam Nigeria gained 7 27 per cent to close at N23 60 per share Also Japaul Gold and Ventures rose by 6 45 per cent to close 33k per share Consolidated Hallmark appreciated by 4 84 per cent to close at 65k Conversely Courteville Business Solutions led the losers chat with a depreciation of 7 69 per cent to close at 0 48 per share FCMB Group declined by 4 06 per cent to close at N3 07 while UPDC went down by 3 77 per cent to close at N1 02 per share Nigerian Aviation Handling Company NAHCO fell by 3 72 per cent to close at N5 70 per share Also Cadbury lost by 2 99 per cent to close at N13 00 per share Analysis of today s activities showed trade turnover settled higher relative to the previous session with the value of transactions up by 44 32 per cent A total of 125 95 million shares valued at N3 07 billion were exchanged in 4 145 deals Mutual Benefits Assurance recorded the highest volume of 25 34 million shares traded worth N8 24 million Fidelity Bank followed having sold 10 23 million shares valued at N31 07 million Access Holdings traded 8 99 million shares worth N73 68 million while FBN Holdings sold 7 71 million shares amounting to N84 39 million Also MTN Nigeria sold 7 27 million shares worth 1 45 billion NewsSourceCredit NAN
    Equity market records further losses, indices down 0.07%
     The equity market extended losses on Tuesday as the market capitalisation dropped by 0 07 per cent to close at N26 776 trillion from the 26 794 trillion on Monday Similarly the All Share Index dipped further by 34 06 points or 0 07 per cent to 49 642 69 from 49 676 75 recorded on Monday The negative performance was due to selloffs in stocks of MTN Nigeria and Tier One banks which included Guaranty Trust Holding Company GTCO and Access Holdings Analysts at GTI Research said Sell pressure persists extending the bearish trend as investors continue to react to prevailing sovereign risk and interest rate environment We expect the trend to continue till the end of the week Overall there were 13 gainers and 13 losers with E Tranzact International leading the gainers chart with 9 65 per cent to close at N2 50 per share Sovereign Trust Insurance followed with a rise of 7 69 per cent to close at 28k while Vitafoam Nigeria gained 7 27 per cent to close at N23 60 per share Also Japaul Gold and Ventures rose by 6 45 per cent to close 33k per share Consolidated Hallmark appreciated by 4 84 per cent to close at 65k Conversely Courteville Business Solutions led the losers chat with a depreciation of 7 69 per cent to close at 0 48 per share FCMB Group declined by 4 06 per cent to close at N3 07 while UPDC went down by 3 77 per cent to close at N1 02 per share Nigerian Aviation Handling Company NAHCO fell by 3 72 per cent to close at N5 70 per share Also Cadbury lost by 2 99 per cent to close at N13 00 per share Analysis of today s activities showed trade turnover settled higher relative to the previous session with the value of transactions up by 44 32 per cent A total of 125 95 million shares valued at N3 07 billion were exchanged in 4 145 deals Mutual Benefits Assurance recorded the highest volume of 25 34 million shares traded worth N8 24 million Fidelity Bank followed having sold 10 23 million shares valued at N31 07 million Access Holdings traded 8 99 million shares worth N73 68 million while FBN Holdings sold 7 71 million shares amounting to N84 39 million Also MTN Nigeria sold 7 27 million shares worth 1 45 billion NewsSourceCredit NAN
    Equity market records further losses, indices down 0.07%
    Economy3 months ago

    Equity market records further losses, indices down 0.07%

    The equity market extended losses on Tuesday as the market capitalisation dropped by 0.07 per cent to close at N26.776 trillion from the 26.794 trillion on Monday.

    Similarly, the All-Share Index dipped further by 34.06 points or 0.07  per cent to 49,642.69 from 49.676.75 recorded on Monday.

    The negative performance was due to selloffs in stocks of MTN Nigeria and Tier-One banks, which included Guaranty Trust Holding Company (GTCO) and Access Holdings.

    Analysts at GTI Research said, “Sell pressure persists extending the bearish trend, as investors continue to react to prevailing sovereign risk and interest rate environment.

    “We expect the trend to continue till the end of the week.

    ” Overall there were 13 gainers and 13 losers, with E-Tranzact International leading the gainers’ chart with 9.65 per cent to close at N2.50 per share.

    Sovereign Trust Insurance followed with a rise of 7.69 per cent to close at 28k, while Vitafoam Nigeria gained 7.27 per cent to close at N23.60 per share.

    Also, Japaul Gold and Ventures rose by 6.45 per cent to close 33k per share.

    Consolidated Hallmark appreciated by 4.84 per cent to close at 65k.

    Conversely, Courteville Business Solutions led the losers’ chat with a depreciation of 7.69 per cent to close at 0.48 per share.

    FCMB Group declined by 4.06 per cent to close at N3.07, while UPDC went down by 3.77 per cent to close at N1.02 per share.

    Nigerian Aviation Handling Company (NAHCO) fell by 3.72 per cent to close at N5.70 per share.

    Also, Cadbury lost by 2.99 per cent to close at N13.00 per share.

    Analysis of today’s activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 44.32 per cent.

    A total of 125.95 million shares valued at N3.07 billion were exchanged in 4.145 deals.

    Mutual Benefits Assurance recorded the highest volume of 25.34 million shares traded worth N8.24 million.

    Fidelity Bank followed, having sold 10.23 million shares valued at N31.07 million.

    Access Holdings traded 8.99 million shares worth N73.68 million, while FBN Holdings sold 7.71 million shares amounting to N84.39 million.

    Also, MTN Nigeria sold 7.27 million shares worth 1.45 billion
    NewsSourceCredit: NAN

  •  Investors buying interests in stocks of Nestle and First Bank of Nigeria Holdings FBNH sustained the positive posts at the Nigerian Exchange Ltd on Friday Similarly the market gained N11 billion or 0 04 per cent making the market capitalisation to close at N26 797 trillion from N26 786 trillion recorded on Thursday Also the All Share Index ASI rose by 20 28 points or 0 04 per cent to 49 683 15 from 49 661 87 it was at the previous trading Consequently the Year to Date YTD return rose to 16 31 per cent Transaction activities ended with 17 gainers and 11 losers Japaul Gold and Ventures led the gainers with 9 68 per cent to close at 34k per share Mutual Benefits Assurance followed with an appreciation of 7 14 per cent to close at 30k per share FCMB Group rose by 5 96 per cent to close at N3 20 while Unity Bank gained five per cent to close at 2k per share Academy Press gained by 4 39 per cent to close at N2 14 per share Conversely Ellah Lakes led the losers chart with a depreciation of 10 per cent to close at N3 60 per share Vitafoam Nigeria followed by dropping 9 78 per cent to close at N20 30 per share and NPF Microfinance Bank lost 9 09 per cent to close at N1 50 per share Chams declined by 7 41 per cent to close at 25k while Union Bank of Nigeria shed 6 67 per cent to close at N5 60 per share Analysis of today s market activities showed trade turnover settled higher compared to the previous session with the value of transactions up by 67 93 per cent A total of 193 51 million shares valued at N4 64 billion were exchanged in 3 307 deals compared to 226 47 million shares valued at N2 76 billion exchanged in 3 515 deals Jaiz Bank recorded the highest volume of 45 9 million shares traded shares valued at N39 05 million It was followed by FBN Holdings which sold 24 9 million shares worth N270 98 million while Access Holdings transacted 18 9 million shares valued N154 95 million Also NEM Insurance Company traded 11 1 million share units valued at N51 45 million while Guaranty Trust Holding Company GTCO transacted 9 34 million shares worth 186 9 million NewsSourceCredit NAN
    Stock market increases further by 0.04%
     Investors buying interests in stocks of Nestle and First Bank of Nigeria Holdings FBNH sustained the positive posts at the Nigerian Exchange Ltd on Friday Similarly the market gained N11 billion or 0 04 per cent making the market capitalisation to close at N26 797 trillion from N26 786 trillion recorded on Thursday Also the All Share Index ASI rose by 20 28 points or 0 04 per cent to 49 683 15 from 49 661 87 it was at the previous trading Consequently the Year to Date YTD return rose to 16 31 per cent Transaction activities ended with 17 gainers and 11 losers Japaul Gold and Ventures led the gainers with 9 68 per cent to close at 34k per share Mutual Benefits Assurance followed with an appreciation of 7 14 per cent to close at 30k per share FCMB Group rose by 5 96 per cent to close at N3 20 while Unity Bank gained five per cent to close at 2k per share Academy Press gained by 4 39 per cent to close at N2 14 per share Conversely Ellah Lakes led the losers chart with a depreciation of 10 per cent to close at N3 60 per share Vitafoam Nigeria followed by dropping 9 78 per cent to close at N20 30 per share and NPF Microfinance Bank lost 9 09 per cent to close at N1 50 per share Chams declined by 7 41 per cent to close at 25k while Union Bank of Nigeria shed 6 67 per cent to close at N5 60 per share Analysis of today s market activities showed trade turnover settled higher compared to the previous session with the value of transactions up by 67 93 per cent A total of 193 51 million shares valued at N4 64 billion were exchanged in 3 307 deals compared to 226 47 million shares valued at N2 76 billion exchanged in 3 515 deals Jaiz Bank recorded the highest volume of 45 9 million shares traded shares valued at N39 05 million It was followed by FBN Holdings which sold 24 9 million shares worth N270 98 million while Access Holdings transacted 18 9 million shares valued N154 95 million Also NEM Insurance Company traded 11 1 million share units valued at N51 45 million while Guaranty Trust Holding Company GTCO transacted 9 34 million shares worth 186 9 million NewsSourceCredit NAN
    Stock market increases further by 0.04%
    General news3 months ago

    Stock market increases further by 0.04%

    Investors’ buying interests in stocks of Nestle and First Bank of Nigeria Holdings (FBNH) sustained the positive posts at the Nigerian Exchange Ltd. on Friday.

    Similarly, the market gained N11 billion or 0.04 per cent, making the market capitalisation to close at N26.797 trillion from N26.786 trillion recorded on Thursday.

    Also, the All-Share Index (ASI) rose by 20.28 points or 0.04 per cent to 49,683.15 from 49,661.87 it was at the previous trading.

    Consequently, the Year-to-Date (YTD) return rose to 16.31 per cent.

    Transaction activities ended with 17 gainers and 11 losers.

    Japaul Gold and Ventures led the gainers with 9.68 per cent to close at 34k per share.

    Mutual Benefits Assurance followed with an appreciation of 7.14 per cent to close at 30k per share.

    FCMB Group rose by 5.96 per cent to close at N3.20, while Unity Bank gained five per cent to close at 2k per share.

    Academy Press gained by 4.39 per cent to close at N2.14 per share.

    Conversely, Ellah Lakes led the losers’ chart with a depreciation of 10 per cent to close at N3.60 per share.

    Vitafoam Nigeria followed by dropping 9.78 per cent to close at N20.30 per share and NPF Microfinance Bank lost 9.09 per cent to close at N1.50 per share.

    Chams declined by 7.41 per cent to close at 25k, while Union Bank of Nigeria shed 6.67 per cent to close at N5.60 per share.

    Analysis of today’s market activities showed trade turnover settled higher compared to the previous session, with the value of transactions up by 67.93 per cent.

    A total of 193.51 million shares valued at N4.64 billion were exchanged in 3,307 deals compared to 226.47 million shares valued at N2.76 billion exchanged in 3,515 deals.

    Jaiz Bank recorded the highest volume of 45.9 million shares traded shares valued at N39.05 million.

    It was followed by FBN Holdings which sold 24.9 million shares worth N270.98 million, while Access Holdings transacted 18.9 million shares valued N154.95 million.

    Also, NEM Insurance Company traded 11.1 million share units valued at N51.45 million, while Guaranty Trust Holding Company (GTCO) transacted 9.34 million shares worth 186.9 million
    NewsSourceCredit: NAN

  •  Trading activities on the Nigerian Exchange Ltd NGX closed on a positive note on Wednesday with indices growing by 0 22 per cent following gains by BUA Cement Nestle and Stanbic Bank Specifically the market capitalisation gained N65 billion or 0 25 per cent to close at N26 253 trillion against N26 188 trillion recorded on Tuesday Also the All Share Index rose by 120 48 points or 0 25 per cent to close at 48 675 24 compared with 48 554 76 posted on Tuesday Market breadth closed positive with 14 stocks gained and 11 stocks declined NEM Insurance led the gainers table during the day with 44k to close at N4 84 per share Stanbic IBTC Holdings followed with a gain of N2 50 to close at N30 50 while Ecobank Transnational added 80k to close at N10 80 per share Cutix appreciated by 14k to close at N2 04 and Mutual Benefits Assurance rose by 2k to close at 31k per share On the other hand Fidson Healthcare topped the losers chart shedding 99k to close at N9 11 per share FTN Cocoa Processors trailed with a loss of 3k to close at 30k while Northern Nigeria Flour Mills declined by 1k to close at N7 50 per share Unity Bank was down by 7k to close at 42k while First City Monument Bank FCMB lost 1k to close at N313 per share Investors traded a total of 167 57 million shares valued at N3 37 billion in 2 269 deals representing 19 60 per cent increase in volume This was against the 154 290 million shares worth N2 70 billion exchanged in 3 751 deals the previous day Access Holdings was the most active stock exchanging 27 9 million shares worth N231 14 million United Bank for Africa UBA followed with an account of 22 9 million shares valued at N160 91 million while FBN Holdings traded 22 5 million shares worth N241 98 million Guaranty Trust Holding Company GTCO sold 16 1 million shares valued at N323 99 million while Zenith Bank exchanged 11 86 million shares worth N261 11 million NewsSourceCredit NAN
    Stock market rebounds, indices record 0.25% growth
     Trading activities on the Nigerian Exchange Ltd NGX closed on a positive note on Wednesday with indices growing by 0 22 per cent following gains by BUA Cement Nestle and Stanbic Bank Specifically the market capitalisation gained N65 billion or 0 25 per cent to close at N26 253 trillion against N26 188 trillion recorded on Tuesday Also the All Share Index rose by 120 48 points or 0 25 per cent to close at 48 675 24 compared with 48 554 76 posted on Tuesday Market breadth closed positive with 14 stocks gained and 11 stocks declined NEM Insurance led the gainers table during the day with 44k to close at N4 84 per share Stanbic IBTC Holdings followed with a gain of N2 50 to close at N30 50 while Ecobank Transnational added 80k to close at N10 80 per share Cutix appreciated by 14k to close at N2 04 and Mutual Benefits Assurance rose by 2k to close at 31k per share On the other hand Fidson Healthcare topped the losers chart shedding 99k to close at N9 11 per share FTN Cocoa Processors trailed with a loss of 3k to close at 30k while Northern Nigeria Flour Mills declined by 1k to close at N7 50 per share Unity Bank was down by 7k to close at 42k while First City Monument Bank FCMB lost 1k to close at N313 per share Investors traded a total of 167 57 million shares valued at N3 37 billion in 2 269 deals representing 19 60 per cent increase in volume This was against the 154 290 million shares worth N2 70 billion exchanged in 3 751 deals the previous day Access Holdings was the most active stock exchanging 27 9 million shares worth N231 14 million United Bank for Africa UBA followed with an account of 22 9 million shares valued at N160 91 million while FBN Holdings traded 22 5 million shares worth N241 98 million Guaranty Trust Holding Company GTCO sold 16 1 million shares valued at N323 99 million while Zenith Bank exchanged 11 86 million shares worth N261 11 million NewsSourceCredit NAN
    Stock market rebounds, indices record 0.25% growth
    Economy3 months ago

    Stock market rebounds, indices record 0.25% growth

    Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle  and Stanbic Bank Specifically, the market capitalisation gained N65 billion or 0.25 per cent to close at N26.253 trillion against N26.188 trillion recorded on Tuesday.

    Also, the All-Share Index rose by 120.48 points or 0.25 per cent to close at 48,675.24 compared with 48,554.76 posted on Tuesday.

    Market breadth closed positive with 14 stocks gained and 11 stocks declined.

    NEM Insurance led the gainers’ table during the day with 44k to close at N4.84 per share.

    Stanbic IBTC Holdings followed with a gain of N2.50 to close at N30.50, while Ecobank Transnational added 80k to close at N10.80 per share.

    Cutix appreciated by 14k to close at N2.04 and Mutual Benefits Assurance rose by 2k to close at 31k per share.

    On the other hand, Fidson Healthcare topped the losers’ chart, shedding 99k to close at N9.11 per share.

    FTN Cocoa Processors trailed with a loss of 3k to close at 30k, while Northern Nigeria Flour Mills declined by 1k to close at N7.50 per share.

    Unity Bank was down by 7k to close at 42k, while First City Monument Bank(FCMB) lost 1k to close at N313 per share.

    Investors traded a total of 167.57 million shares valued at N3.37 billion in 2,269 deals representing 19.60 per cent increase in volume.

    This was against the 154.290 million shares worth N2.70 billion exchanged in 3,751 deals the previous day.

    Access Holdings was the most active stock, exchanging 27.9 million shares worth N231.14 million.

    United Bank for Africa (UBA) followed with an account of 22.9 million shares valued at N160.91 million, while FBN Holdings traded 22.5 million shares worth N241.98 million.

    Guaranty Trust Holding Company (GTCO) sold 16.1 million shares valued at N323.99 million, while Zenith Bank exchanged 11.86 million shares worth N261.11 million.


    NewsSourceCredit: NAN

  •   Bolt bringsRide hailing platform Bolt has announced the relaunch of its MyPVCJourney My Permanent Voter Registration Journey an initiative to ease the registration and collection of Permanent Voter Card The initiative which began in 2021 was established as part of the company s community engagement efforts and commitment to promoting active citizenship The Country Manager Bolt Oludele Dare stated this in a statement on Thursday in Lagos Dare said that Bolt identified mobility challenges Nigerians face which have encouraged voter apathy He said it had therefore set out to aid the public in overcoming the obstacles as the electoral dates draw nearer Dare said two key challenges identified by Bolt were lack of awareness of nearest Permanent Voters Card registration locations and inadequate transport opportunities in Nigeria s biggest cities Dare said that Bolt had come with the offering of a 50 discount to 24 Independent National Electoral Commission INEC local government offices in Lagos and Abuja to solve the challenges He said that the app would automatically apply the 50 discount to the ride as users choose any of the selected locations as their destination When we launched the MyPVCJourney last year it was a mega success with our microsite receiving over 16 000 pledges by Nigerians who commenced their PVC process As the electoral process begins its final stretch we understand our responsibility as the leading ride hailing platform to partner with Nigerians and assist them as best as we can in becoming active citizens This initiative is just one of the many ways we continue to commit to developing the socio political and economic landscape in Nigeria To bolster the initiative and voter participation Bolt will be reactivating its MyPVCJourney microsite where users can learn more about voting in Nigeria he said The selected locations applicable for the discounts in Abuja include Near Women Centre off Abaji Toto Road Abaji Action Area Layout Secretariat Road opposite High Court Bwari and No 10 Olusegun Obasanjo Way Area 10 Garki Others are Plot 32 Obana Motel Road Federal Low Cost Housing Estate Gwagwalada AMAC Beside Magistrate Court Karu Beside FCMB Bank Plot 33A Sauka Extention Kuje and KDA 301 Phase II Unity Bank Road Kwali Also in Lagos areas applicable for discounts include 20 Arigbanla Street Orile Agege Ajeromi Ifelodun Temidire Street by Tolu Police Station Ajegunle Alimosho LCDA Secretariat Idimu Road Ikotun and First Gate by First Avenue FESTAC Town Amuwo Odofin They also include Km 15 Lekki Epe Expressway Igbo Efon Eti Osa Ibeju Lekki Lekki Free Trade Zone Road before Akodo General Hospital Orofun Orimedu Ijaye 6 Bamgboye Street Alagbado 2 Obafemi Awolowo Way Ikeja and No 1 TOS Benson Road GRA Ikorodu NewsSourceCredit NAN
    Bolt brings back PVC support initiative
      Bolt bringsRide hailing platform Bolt has announced the relaunch of its MyPVCJourney My Permanent Voter Registration Journey an initiative to ease the registration and collection of Permanent Voter Card The initiative which began in 2021 was established as part of the company s community engagement efforts and commitment to promoting active citizenship The Country Manager Bolt Oludele Dare stated this in a statement on Thursday in Lagos Dare said that Bolt identified mobility challenges Nigerians face which have encouraged voter apathy He said it had therefore set out to aid the public in overcoming the obstacles as the electoral dates draw nearer Dare said two key challenges identified by Bolt were lack of awareness of nearest Permanent Voters Card registration locations and inadequate transport opportunities in Nigeria s biggest cities Dare said that Bolt had come with the offering of a 50 discount to 24 Independent National Electoral Commission INEC local government offices in Lagos and Abuja to solve the challenges He said that the app would automatically apply the 50 discount to the ride as users choose any of the selected locations as their destination When we launched the MyPVCJourney last year it was a mega success with our microsite receiving over 16 000 pledges by Nigerians who commenced their PVC process As the electoral process begins its final stretch we understand our responsibility as the leading ride hailing platform to partner with Nigerians and assist them as best as we can in becoming active citizens This initiative is just one of the many ways we continue to commit to developing the socio political and economic landscape in Nigeria To bolster the initiative and voter participation Bolt will be reactivating its MyPVCJourney microsite where users can learn more about voting in Nigeria he said The selected locations applicable for the discounts in Abuja include Near Women Centre off Abaji Toto Road Abaji Action Area Layout Secretariat Road opposite High Court Bwari and No 10 Olusegun Obasanjo Way Area 10 Garki Others are Plot 32 Obana Motel Road Federal Low Cost Housing Estate Gwagwalada AMAC Beside Magistrate Court Karu Beside FCMB Bank Plot 33A Sauka Extention Kuje and KDA 301 Phase II Unity Bank Road Kwali Also in Lagos areas applicable for discounts include 20 Arigbanla Street Orile Agege Ajeromi Ifelodun Temidire Street by Tolu Police Station Ajegunle Alimosho LCDA Secretariat Idimu Road Ikotun and First Gate by First Avenue FESTAC Town Amuwo Odofin They also include Km 15 Lekki Epe Expressway Igbo Efon Eti Osa Ibeju Lekki Lekki Free Trade Zone Road before Akodo General Hospital Orofun Orimedu Ijaye 6 Bamgboye Street Alagbado 2 Obafemi Awolowo Way Ikeja and No 1 TOS Benson Road GRA Ikorodu NewsSourceCredit NAN
    Bolt brings back PVC support initiative
    General news4 months ago

    Bolt brings back PVC support initiative

    Bolt bringsRide-hailing platform, Bolt has announced the relaunch of its MyPVCJourney (My Permanent Voter Registration Journey), an initiative to ease the registration and collection of Permanent Voter Card.

    The initiative which began in 2021 was established as part of the company’s community engagement efforts and commitment to promoting active citizenship.

    The Country Manager, Bolt, Oludele Dare stated this in a statement on Thursday in Lagos.

    Dare said that Bolt identified mobility challenges Nigerians face which have encouraged voter apathy.

    He said it had, therefore, set out to aid the public in overcoming the obstacles as the electoral dates draw nearer.

    Dare said two key challenges identified by Bolt were lack of awareness of nearest Permanent Voters Card registration locations and inadequate transport opportunities in Nigeria’s biggest cities.

    Dare said that Bolt had come with the offering of a 50% discount to 24 Independent National Electoral Commission (INEC) local government offices in Lagos and Abuja to solve the challenges.

    He said that the app would automatically apply the 50% discount to the ride as users choose any of the selected locations as their destination “When we launched the MyPVCJourney last year, it was a mega success with our microsite receiving over 16,000 pledges by Nigerians who commenced their PVC process.

    “As the electoral process begins its final stretch, we understand our responsibility as the leading ride-hailing platform to partner with Nigerians and assist them as best as we can in becoming active citizens.

    “This initiative is just one of the many ways we continue to commit to developing the socio-political and economic landscape in Nigeria.

    “To bolster the initiative and voter participation, Bolt will be reactivating its #MyPVCJourney microsite where users can learn more about voting in Nigeria,”he said.

    The selected locations applicable for the discounts in Abuja include Near Women Centre, off Abaji-Toto Road, Abaji; Action Area Layout, Secretariat Road (opposite High Court), Bwari and No 10 Olusegun Obasanjo Way, Area 10, Garki.

    Others are Plot 32, Obana Motel Road, Federal Low-Cost Housing Estate, Gwagwalada; AMAC Beside Magistrate Court, Karu; Beside FCMB Bank, Plot 33A, Sauka Extention, Kuje and KDA 301, Phase II, Unity Bank Road, Kwali.

    Also in Lagos, areas applicable for discounts include 20 Arigbanla Street, Orile Agege; Ajeromi-Ifelodun Temidire Street (by Tolu Police Station), Ajegunle; Alimosho LCDA Secretariat, Idimu Road, Ikotun and First Gate (by First Avenue), FESTAC Town, Amuwo-Odofin.

    They also include Km 15, Lekki-Epe Expressway, Igbo Efon, Eti-Osa; Ibeju-Lekki Lekki Free Trade Zone Road (before Akodo General Hospital), Orofun-Orimedu; Ijaye 6 Bamgboye Street, Alagbado; 2 Obafemi Awolowo Way, Ikeja and No. 1 TOS Benson Road, GRA, Ikorodu.

    NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX on Friday recorded the first gain of the week appreciating marginally by 0 06 per cent due to bargain hunting in some large and medium stocks Accordingly the market capitalisation gained 17 billion to close at N28 681 trillion in contrast with N28 664 trillion on Thursday Also the All Share Index rose by 0 06 per cent to close at 53 201 38 compared with 53 170 73 posted on Thursday The drivers of the positive performance were stocks of Fidson Presco First City Monument Bank FCMB Transcorp among others Market breadth however closed negative as 14 stocks advanced while 15 declined A breakdown of the price movement chart indicated that Fidson Pharmaceuticals dominated the gainers chart in percentage terms appreciating by 9 59 per cent to close at N12 per share FTNCocoa followed with 9 09 per cent to close at 36k while Courtville Business Solution improved by 8 51 per cent to close at 51k per share Jaiz Bank rose by 7 78 per cent to close at 97k while FCMB appreciated by 7 69 per cent to close at N3 50 per share Conversely MRS led the losers chart in percentage terms losing 9 76 per cent to close at N14 80 per share TIP followed with a decline of 9 09 per cent to close at 40k while Learn Africa lost four per cent to close at N2 16 per share Oando dipped 3 23 per cent to close at N6 while AIICO shed 2 94 per cent each to close at 60k per share However the total volume of shares transacted stood at to 273 24 million shares valued at N2 64 billion in 4 584 deals Transcorp drove the activity chart accounting for 103 42 million shares valued at N144 33 million Guaranty Trust Holding Company GTCo came second with 17 89 million shares valued at N393 92 million while First Bank of Nigeria Holdings FBNH traded 15 73 million shares worth N160 78 million Zenith Bank sold 14 74 million shares valued at N336 84 million www news ng NAN
    NGX: Market indicators record marginal growth, up 0.06%
     The Nigerian Exchange Ltd NGX on Friday recorded the first gain of the week appreciating marginally by 0 06 per cent due to bargain hunting in some large and medium stocks Accordingly the market capitalisation gained 17 billion to close at N28 681 trillion in contrast with N28 664 trillion on Thursday Also the All Share Index rose by 0 06 per cent to close at 53 201 38 compared with 53 170 73 posted on Thursday The drivers of the positive performance were stocks of Fidson Presco First City Monument Bank FCMB Transcorp among others Market breadth however closed negative as 14 stocks advanced while 15 declined A breakdown of the price movement chart indicated that Fidson Pharmaceuticals dominated the gainers chart in percentage terms appreciating by 9 59 per cent to close at N12 per share FTNCocoa followed with 9 09 per cent to close at 36k while Courtville Business Solution improved by 8 51 per cent to close at 51k per share Jaiz Bank rose by 7 78 per cent to close at 97k while FCMB appreciated by 7 69 per cent to close at N3 50 per share Conversely MRS led the losers chart in percentage terms losing 9 76 per cent to close at N14 80 per share TIP followed with a decline of 9 09 per cent to close at 40k while Learn Africa lost four per cent to close at N2 16 per share Oando dipped 3 23 per cent to close at N6 while AIICO shed 2 94 per cent each to close at 60k per share However the total volume of shares transacted stood at to 273 24 million shares valued at N2 64 billion in 4 584 deals Transcorp drove the activity chart accounting for 103 42 million shares valued at N144 33 million Guaranty Trust Holding Company GTCo came second with 17 89 million shares valued at N393 92 million while First Bank of Nigeria Holdings FBNH traded 15 73 million shares worth N160 78 million Zenith Bank sold 14 74 million shares valued at N336 84 million www news ng NAN
    NGX: Market indicators record marginal growth, up 0.06%
    Economy6 months ago

    NGX: Market indicators record marginal growth, up 0.06%

    The Nigerian Exchange Ltd., (NGX) on Friday recorded the first gain of the week appreciating marginally by 0.06 per cent due to bargain hunting in some large and medium stocks.

    Accordingly, the market capitalisation gained 17 billion to close at N28.681 trillion in contrast with N28.664 trillion on Thursday.

    Also, the All-Share Index rose by 0.06 per cent to close at 53, 201.38 compared with 53, 170.73 posted on Thursday.

    The drivers of the positive performance were stocks of Fidson, Presco, First City Monument Bank(FCMB) Transcorp, among others.

    Market breadth, however, closed negative as 14 stocks advanced while 15 declined.

    A breakdown of the price movement chart indicated that Fidson  Pharmaceuticals dominated the gainers’ chart in percentage terms, appreciating by 9.59 per cent, to close at N12, per share.

    FTNCocoa followed with 9.09 per cent to close at 36k, while Courtville Business Solution improved by 8.51 per cent to close at 51k, per share.

    Jaiz Bank rose by 7.78 per cent to close at 97k, while  FCMB appreciated by 7.69 per cent to close at N3.50, per share.

    Conversely, MRS led the losers’ chart in percentage terms, losing 9.76 per cent, to close at N14.80, per share.

    TIP followed with a decline of 9.09 per cent to close at 40k, while Learn Africa lost  four per cent to close at N2.16, per share.

    Oando dipped 3.23 per cent to close at N6 while AIICO shed 2.94 per cent each to close at 60k per share.

    However, the total volume of shares transacted stood at to 273.24 million shares, valued at N2.64 billion in 4,584 deals.

    Transcorp drove the activity chart, accounting for 103.42 million shares valued at N144.33 million.

    Guaranty Trust Holding Company (GTCo) came second with 17.89 million shares valued at N393.92 million, while First Bank of Nigeria Holdings (FBNH) traded 15.73 million shares worth N160.78 million.

    Zenith Bank sold 14.74 million shares valued at N336.84 million. (www.news.ng)

    (NAN)

  •  The Police on Monday charged a business woman Adenike Adekanmi before a Federal High Court in Lagos for allegedly issuing a dud cheque The defendant was arraigned on a one count charge of issuing a dud cheque She however pleaded not guilty to the charge The prosecutor Mr Justin Enang told the court that the defendant committed the offence in April He alleged that the defendant who is director of a company known as Omega Horizon Enterprise had with intent to defraud knowingly issued an FCMB cheque of N1 18 million payable to one Abottmas in Lekki CMS According to the prosecutor the cheque was dishonoured on presentation to the bank due to insufficient funds in the account of the defendant The offence contravened the provision of Sections 1 1 a I of the Dishonoured Cheques Act 2004 Following an application for bail as moved on behalf of the defendant Justice Tijani Ringim granted her bail in the sum of one million naira with two sureties in like sum The court added that one of the sureties must be a public or civil servant of not less than grade level 10 in the civil service or a director in a reputable company The court ordered that the defendant be remanded at the Correctional Service Centre pending perfection of her bail terms He adjourned the case until Oct 19 for trial NAN
    Woman in court for allegedly issuing dud cheque
     The Police on Monday charged a business woman Adenike Adekanmi before a Federal High Court in Lagos for allegedly issuing a dud cheque The defendant was arraigned on a one count charge of issuing a dud cheque She however pleaded not guilty to the charge The prosecutor Mr Justin Enang told the court that the defendant committed the offence in April He alleged that the defendant who is director of a company known as Omega Horizon Enterprise had with intent to defraud knowingly issued an FCMB cheque of N1 18 million payable to one Abottmas in Lekki CMS According to the prosecutor the cheque was dishonoured on presentation to the bank due to insufficient funds in the account of the defendant The offence contravened the provision of Sections 1 1 a I of the Dishonoured Cheques Act 2004 Following an application for bail as moved on behalf of the defendant Justice Tijani Ringim granted her bail in the sum of one million naira with two sureties in like sum The court added that one of the sureties must be a public or civil servant of not less than grade level 10 in the civil service or a director in a reputable company The court ordered that the defendant be remanded at the Correctional Service Centre pending perfection of her bail terms He adjourned the case until Oct 19 for trial NAN
    Woman in court for allegedly issuing dud cheque
    General news7 months ago

    Woman in court for allegedly issuing dud cheque

    The Police on Monday charged a business woman, Adenike Adekanmi, before a Federal High Court in Lagos, for allegedly issuing a dud cheque.

    The defendant was arraigned on a one count charge of issuing a dud cheque.

    She, however, pleaded not guilty to the charge.

    The prosecutor, Mr Justin Enang, told the court that the defendant committed the offence in April.

    He alleged that the defendant, who is director of a company known as Omega Horizon Enterprise, had with intent to defraud, knowingly issued an FCMB cheque of N1.18 million payable to one Abottmas in Lekki CMS.

    According to the prosecutor, the cheque was dishonoured on presentation to the bank, due to insufficient funds in the account of the defendant.

    The offence contravened the provision of Sections 1(1) (a) (I) of the Dishonoured Cheques Act, 2004.

    Following an application for bail as moved on behalf of the defendant, Justice Tijani Ringim granted her bail in the sum of one million naira with two sureties in like sum.

    The court added that one of the sureties must be a public or civil servant of not less than grade level 10 in the civil service, or a director in a reputable company.

    The court ordered that the defendant be remanded at the Correctional Service Centre pending perfection of her bail terms.

    He adjourned the case until Oct. 19 for trial.

    (NAN)

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