All posts tagged "NSE"

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  Nigerian Stock Exchange Watch: Market Capitalization Falls Beneath N 7 trillion

  The All Share Index shed 0.81% in the second trading day in June sending the market capitalization of the bourse beneath N 7 trillion. Bearish sentiments prevailed across virtually all sectors with banking retreating by -1.56%, Consumer...

  • Posted June 4, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.04%) Declines Marginally, Dangote Flour (+5%) Gains Maximum Points

  The All Share Index declined marginally, shedding 0.04% to close at 22,170.96. Market activity improved over previous sessions but was not remarkable. The banking sub-sector was largely in bearish territory with top tier banks GTBank (-1.03%) and...

  • Posted May 30, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.1%) Dips Marginally, Dangote Flour (+4.95%) on Bull Run

  Now is a good time to envy investors holding Dangote Flour shares. The company’s stock is up 16% this week alone propelled by rumors Tiger Brands of South Africa is planning to make some sort of investment...

  • Posted May 10, 2012
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  Multinational Oil & Gas, Telecomms Companies Will List on NSE – FG

  Multinational companies operating in the Oil & Gas and Telecommunications sectors will soon be compelled by the Federal Government to list their shares on the Nigerian Stock Exchange. The Minister of State for Finance, Dr. Yerima Ngama,...

  • Posted May 4, 2012
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  Nigerian Stock Exchange Watch: ASI Continues to Climb, YTD Performance at 8.72%

  The All Share Index continued its ascent today gaining 0.84% to close at 22,537.98. The banking sub-sector continues to drive the positive performance of the Exchange as nine banks recorded positive price appreciation in the day’s trading....

  • Posted May 3, 2012
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  Nigerian Stock Exchange Buys Nasdaq’s X-Stream

  Nigeria’s Stock Exchange (NSE) signed a deal to adopt the Nasdaq X-Stream trading platform on Tuesday, and said it would aim to go live with it by the second quarter of 2013, part of a string of reforms to...

  • Posted April 25, 2012
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  Nigeria Stock Exchange Watch: Market Halts Losses, Okomu (+10%) leads QTD Performance

  Okomu Palm is up 10% this week, and is the best performing stock this quarter on the back of a further 5% uptick today after recording same in yesterday’s trading. The market gained 0.96% as the All...

  • Posted April 3, 2012
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  Nigeria Stock Exchange Watch: Market Begins Second Quarter on Negative Note

  The market resumed the second quarter of 2012, continuing its free-fall, shedding 0.01% today, after shedding 2.54% last week. Selling pressure forced most of the banking and consumer stocks to spiral downwards. Although some blue chip companies...

  • Posted April 2, 2012
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  Oscar Onyeama Enlightens Lawmakers on the New NSE

  The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyeama, tucked his tail between his legs and appeared before the House Committee on Capital Markets, putting aside his earlier defiance. In his testimony before the...

  • Posted March 15, 2012
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  Nigerian Stock Exchange Watch: UBA’s Performance Leaves Analysts Dumbfounded as Market Rallies

  The market rebounded today after four consecutive days of trading in the red; the All Share Index was up 0.35% to close at 20,193.40. The banking sub-sector came out swinging as the bulls pummeled the bears (9...

  • Posted March 1, 2012
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