After two days of decline, the Nigerian Stock Exchange rebounded slightly today, with market capitalization closing at N7.183 trillion and the All Share Index also looking upwards, ending at 22,524. Yesterday market capitalization was N7.15 trillion and on Monday it was N7.192 trillion, in contrast with the market position last Friday, when all looked so [...]
Although the volume and value of shares traded at the Nigerian Stock Exchange (NSE) increased by 53.4 per cent, Tuesday, market capitalization reduced by N42 billion, to close at N7.15 trillion. In all, investors’ spent N4.13 billion on 449.21 million shares exchanged in 4,428 deals, in contrast with the 292.92 million shares worth N2.35 billion [...]
JPMorgan’s stunning $2 billion derivatives loss pummeled US stocks Friday, the bank’s 9.3 percent fall pulling other bank shares and the main market indices down with it. The Dow Jones Industrial Average was down 34.44 points, or 0.27 percent, to 12,820.60 at the close, while the S&P 500 fell 4.60 (0.34 percent) to 1,353.39. But [...]
Trading activities on the Nigerian Stock Exchange (NSE) on Friday closed for the week on a positive note after a two-day lull as the market indices appreciated by 0.49 per cent. The All- share index rose by 111.14 basis points or 0.49 per cent to close at 22,622.44 as against 22,511.30 recorded on Thursday. Also, [...]
Sony and Panasonic shares plunged to their lowest levels in more than three decades on Friday as investors fretted about the future prospects for two of Japan’s most iconic firms amid massive losses. Sony, which reported a record $5.7 billion annual loss Thursday, dived 5.11 percent to 1,151 yen by noon, while Panasonic was off [...]
Dangote Flour, Presco Plc, Flour Mill and Cadbury plc were the major gainers on the Nigerian Stock Exchange as 23 firms saw their values eroded. Both the ASI and market capitalisation declined for the second day running. Other firms that recorded gains today were Access bank, First bank, Sterling bank and Dangsugar. UBA, NCR, GTB [...]
The shareholders of Unilever on Thursday approved N5.29 billion dividend declared by the company for the financial year ended Dec. 31, 2011, at their general meeting in Lagos. Each shareholder will be paid a dividend of N1.40 per share. Unilever in 2011 recorded a turnover of N54.72 billion against N46.81 billion made in 2010. Its [...]
