Value and Volume up at NSE

The volume of shares traded on the Nigerian Stock Exchange (NSE) appreciated by 60 per cent on Tuesday, with turnover also growing by 176.21million shares.

Investors exchanged 472.01 million shares worth N3.8billion in 4,978 deals.

This was against the 295.80 million shares valued at N2.1 billion traded in 5,180 deals on Monday.

NSE Kick starts market-making process

The management of the Nigerian Stock Exchange (NSE) has concluded arrangements to hold a market-wide workshop on September 11, 2012 as part of activities marking the kick-off of its Market Making initiative.

This initiative will formally commence September 18, 2012 on the Nigerian bourse.

Nigerian Capital Market: Urgent Need For Bail-out!

As the country’s capital market approaches the last quarter of 2012, many operators have expressed worry over Federal Government’s delay in rolling out the intervention initiative it promised the capital market to stimulate confidence in the sector.

The market community had long awaited government’s promise forbearance package to stockbrokers as part of measures to stimulate confidence in the Nigerian capital market and increase liquidity.

Nigerian Capital Market downturn: Stockbrokers diversify operations, invest in agriculture, real estate etc.

With Nigerian capital market showing little signs of recovery, stockbrokers have begun to diversify operations and investments as a survival strategy.

Aside seeking investment opportunities outside the core equities market, most of them have shrunk their operations and relocated to smaller office spaces.

Stockbrokers lament delay in release of forebearance package

STAKEHOLDERS in the nation’s bourse have bemoaned delay by the Federal Government in unfolding details of the forbearance package.

The package was pledged to market operators, sequel to the phenomenal meltdown of shares, which had assailed balance sheets of several companies, especially stockbroking firms in the country.

They argued that situation in the market has entered an emergency stage and so any panacea that the stakeholders initiated should be applied as quickly as possible.

Nigerian Stock Market Indicators Drop Further By 0.96%

Value of equities on the Nigerian Stock Exchange (NSE) fell further yesterday when the twin market indicators on the stock market for the third day running continued on the downward trend as performance index dipped by 0.96 per cent.

Price movement showed that 22 stocks gained weight at the close of the day’s transactions, while 19 constituted the losers’ table in the day.

Specifically, the market capitalisation of listed equities depleted by N72 billion to close at N7.373 trillion down from N7.445 trillion recorded on Tuesday, representing 0.96 per cent depreciation from the previous activity.

Stock Price Records Marginal Gain Of 0.04%

Transactions on the Nigerian Stock Exchange (NSE) on Monday opened the week on a positive note as the market indices records a marginal gain of 0.04 per cent

The News Agency of Nigeria (NAN) reports that the All-Share Index which opened at 23,292.80 appreciated by 9.41 basis points representing 0.04 per cent to close at 23,302.21 points.

Also, the market capitalisation grew by N3 billion or 0.04 per cent to close at N7.416 trillion against N7.413 trillion recorded on Friday.

NewGold recorded the highest price gain leading with N10 to close at N2, 539 per unit.

NSE Market Ends On Positive Note Friday

Transactions on the Nigerian Stock Exchange (NSE) closed positively on Friday as stocks of highly capitalised companies recorded price gain.

The News Agency of Nigeria (NAN) reports that the All- Share Index at the end of trading appreciated by 176.21 basis points or 0.76 per cent to close at 23,292.80.

This was against the 23,116.59 points recorded on Thursday.

Global Shares Fall On Economic Growth Concerns

Global shares fell by more than one per cent on Thursday on concerns about the world economic growth outlook and dimmed expectations for any new near-term stimulus response by the United States Federal Reserve.

Reuters reported on Thursday that stocks on Wall Street tumbled after the opening bell with the weakening growth picture prompting a number of high-profile corporate earnings warnings in recent days.

The weaker-than-expected start to the second-quarter US corporate reporting season, combined with expectations of slower economic growth in the world’s leading economies, had encouraged hopes for the Fed to resume a policy of creating money to lower long-term interest rates, a process known as quantitative easing, or QE3.

Capital Market Sustains Bullish Profile

Equity Transaction continued on a bullish note on the Nigerian Stock Exchange yesterday, as more investors took position on some stocks.

The All Share Index rose by 1.08 per cent to close at 22,492.96 points, compared to the increase by 0.60 per cent recorded the preceding day to close at 22,253.71 points.

Market capitalisation gained N76billion to close at N7.18trillion, higher than the appreciation by N42.5billion recorded the preceding day to close at N7.10trillion.