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NSE All-Share Index Sheds 0 19% as Bears Return

By Goddy Egene The bears returned to the local bourse yesterday pulling, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) down by 0.19 per cent to close at 40,494.35. The market had opened for the week on positive note after two weeks of decline, raising hopes that the bargain hunting could be sustained. However, sell-offs in Stanbic IBTC Holdings Plc, Nigerian Breweries Plc and Zenith Bank Plc, FBN Holdings Plc, Access Bank Plc, among others led to a negative close. A total of 20 stocks depreciated as against 22 stocks that appreciated. The top of the gainers’ table was dominated by insurance stocks led by Cornerstone Insurance Plc shed 10 per cent. Consolidated Hallmark Insurance Plc trailed with 9.5 per cent, just as Prestige Assurance Plc and Coronation Insurance Plc went down by 8.5 per cent and 8.3 per cent respectively.

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All-Share Index Rises 0 8% as Market Sustains Positive Momentum

By Goddy Egene The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the shares BUA Cement Plc( 6.7 per cent), Zenith Bank Plc (2.0 per cent) and Access Bank Plc. However, Jaiz Bank Plc led the price gainers’ chart with 10 per cent trailed by NEM Insurance Plc with 9.5 per cent. LASACO Assurance Plc chalked up 8.8 per cent, just as NPF Microfinance Bank Plc and Japaul Gold and Ventures Plc gained 8.3 per cent apiece.

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MFI to Address Food Fortification Challenge

By Omolabake Fasogbon An International Nonprofit Organization, TechnoServe, has reinstated it commitment to tackling malnutrition through the Micronutrient Fortification Index (MFI). MFI is a self- regulatory system designed to incentivize food processors to meet government standards for fortifying products with essential vitamins and minerals. The innovation is designed through Strengthening African Processors of Fortified Foods (SAPFF) programme. Since SAPFF began three years ago, Nigeria supply of fortified wheat flour and sugar has increased by 68% and 200%, respectively, enabling over 90% of the country’s population to access the products. Technoserve assured that MFI will sustain and improve the positive trends. According to Technoserve, The process to develop the MFI was triggered by an industry request made during the inaugural Nigerian Food Processing and Nutrition Leadership Forum in June 2018 to conceptualize a cost-effective strategy.

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Nigeria: All-Share Index Rises 0 8% As Market Sustains Positive Momentum

Nigeria: All-Share Index Rises 0 8% As Market Sustains Positive Momentum
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

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Equities Market Records Marginal Fall on Profit Taking

Equities Market Records Marginal Fall on Profit Taking
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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