Nigeria capital market recovers, records 0.33% growth March 22, 2018Agency Report

By myvictoryb

Trading on the Nigerian Stock Exchange (NSE) on Thursday closed on a positive note after dropping for six consecutive days, with the All-Share improving by 0.33 per cent.

The index rose by 138.36 points or 0.33 per cent to close at 41,633.79, against 41,495.43 achieved on Wednesday.

Also, the market capitalisation which opened at N14.844 trillion inched N196 billion to close at N15.040 trillion.

Mobil Oil recorded the highest price gain to lead the gainers’ table, growing by N7.70 to close at N184 per share.

GlaxosmithKline followed with a gain of N2.25 to close at N24.30, while Nigerian Breweries appreciated by N1.90 to close at N127.90 per share.

PZ Industries inched 60k to close at N23, while Cadbury advanced by 60k to close at N13.25 per share.

On the other hand, Access Bank topped the losers’ chart, shedding 65k to close at N11.10 per share.

Dangote Sugar trailed with a loss of 30k to close at N20.50, while Africa Prudential Registrar depreciated by 20k to close at N4.12 per share.

Honeywell Flour was down by 12k to close at N2.38, while C&I Leasing dropped by 10k to close at N1.90 per share.

Similarly, the volume of shares traded rose by 10.92 per cent as investors bought and sold 542.35 million shares valued at N7.35 billion transacted in 5,039 deals.

This was against the 488.97 million shares worth N5.64 billion traded in 5,524 deals on Wednesday.

Access Bank of the banking sub-sector was the investors’ delight in volume terms, exchanging 126.01 million shares worth N1.39 billion.

Zenith International Bank followed with an account of 67.27 million shares valued at N1.92 billion, while Guaranty Trust Bank traded 51.84 million shares worth N2.34 billion.

FBN Holdings sold 32.82 million shares valued at N394.25 million, while United Bank for Africa traded 29.50 million shares worth N342.28 million.

(NAN)

Comments

Jerry Eze Launches $300,000 Empowerment Grant to Support Young Business Owners

Renowned pastor, author, and global prayer movement leader, Jerry Eze , has unveiled a $300,000 grant scheme aimed at empowering young entrepreneurs and supporting innovative business ideas across communities. The initiative is designed to provide financial relief, encouragement, and practical support to youths who are passionate about building sustainable businesses but face funding challenges. According to Jerry Eze, the grant scheme is part of his broader vision to promote economic empowerment, self-reliance, and hope among young people . He emphasized that many talented youths have viable ideas but lack the resources to bring them to life. Through this program, selected beneficiaries will receive funding to either start new ventures or expand existing ones. The grant is expected to be disbursed in phases, reaching multiple entrepreneurs from different sectors such as agriculture, technology, creative industries, fashion, and small-scale manufacturing. Beyond financial as...

ECOWAS declared state of emergency in West Africa

Dr Omar Touray, President of the ECOWAS Commission declared a state of emergency on Tuesday amid escalating violent extremism and terror, military coups d’etat, banditry, and political instability in the sub-region. Touray declared this during the 55th Ordinary Session of the ECOWAS Mediation and Security Council (MSC) at the Ministerial level in Abuja. He said the events of the last few weeks had shown the imperative of serious introspection on the future of democracy and the urgent need to invest in the sub-region’s security. According to him, country-by-country analyses of member states shows different risk levels across the sub-region from high to medium, with a high risk average, which requires immediate and concerted action. “Faced with this situation, it is safe to declare that our community is in a state of emergency. We must confront these threats with the attention they deserve. “For that, the sessions of the mediation and security council should be organized more regularly b...

Aide Reveals Reasons Plateau Governor Is Defecting to APC

Caleb Muftwang of Plateau is set to join the ruling All Progressives Congress (APC), the News Agency of Nigeria (NAN) reports. Mr Istifanus Nwansat, the political adviser to the governor, made this known in an interview with newsmen on Monday in Abuja. Nwansat said that the governor’s decision to join the APC was because it’s the option with the least risk in the face of the chaos in the Peoples Democratic Party (PDP). Caleb Muftwang of Plateau is set to join the ruling All Progressives Congress (APC), the News Agency of Nigeria (NAN) report Mr Istifanus Nwansat, the political adviser to the governor, made this known in an interview with newsmen on Monday in Abuja. Nwansat said that the governor’s decision to join the APC was because it’s the option with the least risk in the face of the chaos in the Peoples Democratic Party (PDP). He explained that the impending defection of Muftwang to the APC would also align with President Bola Tinubu’s political and governance trajectory on ...

UKEMVERANEWS

Search This Blog