Punch Newspapers
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Johnson Okafor
The Nigerian equity market on Monday commenced the weekly activities on the negative trajectory as investors continued to take profits to increase capital gains.
Key market indicators, the NSE ASI, declined by 0.23 per cent as bargain hunters continued to take profits from gains recorded last week.
The market breath however closed positive with 22 losers against 35 gainers.
Consequently, the All-Share Index dipped 93.76 basis points or 0.23 per cent to close at 1,082.38 index points as against 41,176.14 recorded the previous trading session while market capitalisation of equities depreciated by N40bn from N21.53tn the last Friday to N21.49tn as market sentiment remained on the negative territory.
By MICHAEL OMOLAYOLE
SALTVIM is the acronym for, Society for the Advancement of Local Talents and Virtue in Management. It was established about eight years ago, to promote, first and foremost, Virtue in Management and secondly, Nigerian talents in their aspirations to reach the highest level of management in the very large companies especially the Globalized Corporate Organisations operating in Nigeria.
At its inception, a number of retired Nigerians who had been CEOs of many blue-chip companies in Nigeria, came together to create an awareness about the apparent inability of virtuous and talented Nigerians, to reach the position of CEO any more in the large multinational companies, unlike what happened in 1970s, 1980s and 1990s.
Punch Newspapers
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Johnson Okafor
Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on the positive note with a gain of N214bn as the bulls sustained grip on trading activities.
The market performance indices, the NSE ASI appreciated by 1.03 per cent with market breathe closing positive with 23 gainers against 19 losers.
Consequently, the All-Share Index gained 402.14 basis points or 1.03 per cent to close at 39,512.31 as against 39,110.17 recorded the previous day while the market capitalisation of equities appreciated by N214bn to close at N20.66tn from N20.45tn as market sentiment remained on the green zone.