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NGX indices record marginal gain, up 0.01% Shares


By Chinyere Joel-Nwokeoma
Lagos, April 22, 2021 Trading on the Nigerian Exchange (NGX) Ltd., ended on a cautious note on Thursday with the key indicators recording a marginal gain of 0.01 per cent.
The upward trend was sustained as a result of buy-interest in United Bank for Africa (UBA), FBN Holdings and Oando.
Thus, the All-Share Index rose by 3.46 points or 0.01 per cent to close at 39,131.80 from 39,128.34 recorded on Wednesday.
Also, the market capitalisation improved by two billion naira to close at N20.479 trillion against N20.477 trillion reported on Wednesday.
The gain was driven by price appreciation in large and medium capitalised stocks amongst which are; PZ Cussons, UBA, UACN, Cutix and Oando. ....

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NSE resumes Easter holidays with N78bn loss


By Chinyere Joel-Nwokeoma
Lagos, April 6, 2021 The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend.
Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday.
Also, the market capitalisation lost N78 billion to close at N20.283 trillion from N20.361 trillion achieved on Thursday.
The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which are Guinness Nigeria, MRS Oil Nigeria, Guaranty Trust Bank, BUA Cement and Aluminium Extrusion Industries.
Market sentiment turned negative with 21 laggards, relative to 14 gainers. ....

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SEC endorses appointment of demutualised NSE entities


By Chinyere Joel-Nwokeoma
Lagos, April 1, 2021 The Securities and Exchange Commission (SEC) has approved the appointments of the chief executives officers of the demutalised exchange and their operating subsidiaries.
Otunba Abimbola Ogunbanjo, Chairman of Nigerian Exchange Group Plc (NGX Group) Board of Directors, said this on Thursday in Lagos.
Ogunbanjo said that SEC had approved the appointment of Mr Oscar Onyema, as the Group Chief Executive Officer, NGX Group; Temi Popoola, the Chief Executive Officer, Nigerian Exchange Ltd., and Ms
Tinuade Awe, the Chief Executive Officer, NGX Regulation Ltd.
Recall that under the demutualisation plan, a new non-operating holding company, the Nigerian Exchange Group plc (NGX Group) has been created. ....

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