Stock Market articles

NSE All Share Index drops by 1.02 percent

NSE All Share Index drops by 1.02 percent

The Nigerian Stock Exchange continued to close on a negative note on Wednesday as the All Share Index declined by 1.02 per cent to close at 39,278.47points from 39,681.71 on Tuesday. Also, the market capitalisation declined to N12.970 trillion from N13.103 trillion on Tuesday. It is pertinent to note that only eight stocks added weight

SEC essay competition winners set for training in U.S.

Five Nigerian journalists are set to embark on an intensive training on capital markets at International Law Institute, Washington DC, USA, the Securities and Exchange Commission (SEC) has revealed. This objective of the training is to strengthen interest in reading and writing about the Capital Markets on the part of professional journalists. The journalists are

NSE: Volume of traded shares grows by 42.95%

Investors at the Nigeria Stock Exchange (NSE) on Monday bought 535.076 million shares worth N4.37 billion in 5,862 deals. The News Agency of Nigeria (NAN) reports that the volume represented an increase of 42.95 per cent over the 374.304 million shares valued at N3.21 billion exchanged in 4,778 deals on Friday. The All-Share Index which

Oteh calls on Nigerians to invest on CIS

Director General of the Securities and Exchange Commission, Arunma Oteh has urged Nigerians to invest more in Collective Investment Schemes (CIS) which she described as very attractive. She also disclosed the commitment of the Capital Market Committee, CMC, to resolving all issues regarding unclaimed dividends in the country. Ms Oteh made this known at the

EFCC tasks stock market operators on integrity

The Economic and Financial Crimes Commission, EFCC, has charged stakeholders in the Nigerian capital market to be transparent and operate by the rules guiding the market. This was contained in a statement issued by EFCC spokesperson Wilson Uwujaren. Executive Chairman of the EFCC, Mr. Ibrahim Lamorde, gave the charge Tuesday at the Joint EFCC-Nigerian Stock

Shalom investment risks expulsion from capital market activities

Shalom Investment and Financial Services Limited is at grave risk of expulsion from capital market activities, the Nigerian Times has learnt. The Securities and Exchange Commission (SEC) had earlier announced the suspension of the company and its sponsored individuals from all capital market activities from the 20th May. “The General Public is hereby informed that

Capital Market Conference to focus on stakeholders’ role in integrated market

The 4th edition of the Annual Capital Market Conference organized by BusinessDay, which holds on June 26, 2014 in Lagos, will focus on stakeholders’ role in the integrated market. The conference will also centre on understanding the roles of each stakeholder in the build up to an integrated market, inherent opportunities of an integrated regional

NSE All Share Index gains 0.24 per cent

Trading in the Nigerian Stock Exchange (NSE) closed Wednesday on a positive note as the NSE All Share Index rose by 0.24 per cent to close at 39,298.97 points from 39,203.29 on Tuesday. Similarly market capitalisation rose by 0.24 per cent to N12.937 trillion from N12.910 trillion on Tuesday. Ikeja Hotel led 23 stocks on