Commenting on the stock market performance, analysts at said despite the heat in the socio-political landscape triggered by the degeneration of the #Endsars protests, they did not expect a material dent to investors’ appetite for stocks. Meanwhile, investors traded a total of 1.505 billion shares worth N19.668 billion in 20,552 deals, compared with 1.955 billion shares valued at N22.978 billion that exchanged hands last week in 22,844 deals. In concluding my column last Thursday, I urged President Muhammadu Buhari to address the nation in view of the EndSARS protests that... By Issa Aremu Consequently, the Nigerian Stock Exchange (NSE) All-Share Index rose 0.13 per cent to close higher at 28,697.06. Sorry, your blog cannot share posts by email. Before it's here, it's on the Bloomberg Terminal. By Olusegun Adeniyi In June authorities suspended trade on the main ZSE for a month, accusing it of complicity in illicit financial activities. Nigerian Stock Exchange Stock market records new high as investors gain N299bn in one day By Peter Egwuatu The stock market Monday recorded a … The Conglomerates industry followed with 97.167 million shares worth N269.045 million in 516 deals. The Lagos-based bourse has obtained approval in principle from the Securities and Exchange Commission to operate NG Clearing Ltd., a central counterparty clearing house, it said in an emailed response to questions on Tuesday. “We saw an opportunity to work with the ZSE in creating a global platform for the trading of stocks in foreign currency, and to do it in a way that promotes foreign investment into Zimbabwe,” Finance Minister Mthuli Ncube was quoted as saying. The new bourse – based in northwestern Victoria Falls, the country’s premier tourism destination – marked “the foundation stone” for building the town into an “offshore financial hub”, said the minister. Known as the Victoria Falls Stock Exchange, the new market is a subsidiary of the Harare-based Zimbabwe Stock Exchange (ZSE) and will start trading on Monday, according to the state-run Herald newspaper. NASCON Allied Industries Plc and Japaul chalked up 10 apiece. With as many as 67 officially pronounced dead, looted properties, burnt assets, forced lockdowns, as a veteran activist of sundry campuses’ protests... Post was not sent - check your email addresses! The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional and retail investors to … Zimbabwe has launched a second stock exchange to trade solely in foreign currency, state media reported Saturday, in a move aimed at luring external investors as the country grapples with a forex crunch. Find Nigerian Stock Exchange News - Get the latest and breaking stock markets news including analysis and opinion on top stock markets stories The Nigerian Stock Exchange will start clearing and settlement of exchange-traded derivative products in the second quarter of next year as it seeks to deepen the financial market of Africa’s biggest crude producer. The price movement chart showed that 28 equities appreciated lower than 35 equities in the previous week, while 35 equities depreciated in price, higher than 23 equities in the previous week. Trading in the top three equities namely Guaranty Trust Bank Plc, Access Bank Plc and United Bank for Africa Plc accounted for 633.527 million shares worth N10.006 billion in 3,887 deals. Anonymous, a group of international ‘hacktivist’ group backing #ENDSARS protesters has hacked the Nigerian Stock Exchange website. Technical Feedback: whatsapp 08023469027 But bargain hunting on Thursday (+0.4 per cent) and Friday (+0.5 per cent) completely wiped off the losses and pushed the market into the green. This Christmas season I had intended to engage in a critical investigation of religion given the powerful theological si... By Douglas Anele Because most of Chinweizu’s conclusions from the tragic experience of Dr. Izuogu are appropriate and in... Denrele Animasaun Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying a... Zimbabwe launches dollar-denominated stock exchange, VIDEO, PHOTOs: Police gunshots scare vandals from looting palliatives store in Abuja, UPDATED: How hoodlums invaded former Senator Ndoma-Egba’s house, UPDATED: Hoodlums raid Senators Ndoma Egba, Gershom Bassey, Security: Register or stop operating in Osun, Oyetola tells Okada riders, Reposition INEC with your reappointment, PDP tells Yakubu, Man, 29, bags 6 months jail term for shop breaking, stealing, Bayelsa APC suspends ex-Reps member, 4 others over alleged anti-party activities, #EndSARS: 6 cops killed, police arms, exhibits room looted in Oyo ― CP, Ogun lawmakers yet to receive constituency project allowance – Speaker, Six inmates escape from detention center in Delta, EndSARS: BON, NBC disagree over N9m fine on broadcast stations, UI staff shut gates to protest alleged imposition of new VC, Eid-El-Maulud: Resist those inciting violence, APC urges Nigerians, #RevolutionNowProtest: Appeal Court strikes out Sowore’s appeal, Eid-el Maulud: Reps minority caucus tasks leaders on justice, unity, FEC approves N4.519bn for printing of exam papers, FCT roads, Ekiti ‘ll engage youths for tourism development — Fayemi, #EndSARS Protests: Seize opportunity to implement 2014 Confab report ― ECWA to Buhari, LOOTING: Ayade bans transportation of scrap from Cross River, Bauchi inaugurates Judicial Panel of Inquiry over alleged police brutality, PHOTOS: Buhari inaugurates newly appointed NPC commissioners, UN appoints NAPTIP’s DG into UNODC board of trustees, Insurgency: Gov Zulum donates N180m, foodstuffs to Civilian JTF, COVID-19: Chinese city tests 4.7m inhabitants in 4 days, Trump cuts US refugee admission numbers to record low figures, CAMEROON: Gunmen murder at least six children in school raid, US VP’s Chief of Staff tests positive for COVID-19, Ethiopia accuses Trump of inciting ‘war’ over Nile dam, LEKKI GARDENS UPGRADES, BEAUTIFY ESTATES TO DELIGHT CLIENTS, Godfrey Okoye University Develops Its Own Customised Virtual Classroom, GTBank Fashion Weekend Returns for the 5th Year, Holds Nov. 14 – 15 …Call for Exhibitors Now Open, Protecting Live – Tangerine Life launches new documentary, Toyota to launch new entry vehicle at friendly price, How Ekpa’s wealth of experience transformed Transport Ministry, PTONA wants its share of FG’s N10bn COVID-19 palliative for transporters, How winners emerged in 2020 Toyota Dream Car Art Contest, New chapter opens in Nigeria auto industry, Breaking: Ex-finance minister, Okonjo-Iweala, elected WTO DG, Breaking: Okonjo-Iweala, Nigeria ex- finance minister, elected WTO DG, Lekki Tollgate: Soldiers didn't shoot at protesters— Army, Sanwo-Olu to react to Army's statement soon, Govt source assures, Presidency worries over Police absence, as street violence escalates, Why Jonathan’s 2014 Confab report was dumped ― Akume, #EndSars: Calabar hoodlums begin dumping of looted items in waste bins, Two die in stampede over COVID-19 palliatives in Abuja, Breaking: We’ve identified barracks where soldiers who shot protesters came from – Falana (Video), Be at alert, deal decisively with any attack, Buratai charges soldiers, War as hoodlums exchange gunfire with security officers for 1hr in Kogi, Nigerians react to Fashola’s tollgate camera discovery, Revealed: Why I don’t want to speak on Lekki Tollgate incident – Buhari, Lekki: No stake in LCC, says Tinubu, calls for shutdown of toll gate, #EndSARS: Fashola discovers mystery camera at Lekki Toll Gate, Stock market records new high as investors gain N299bn in one day, Our difficulties in Apapa traffic, port road reconstruction —Task Force, Equities halt losing trend, as 11Plc plans delisting, 9mobile celebrates MobiHealth’s Adewara on World Bank award, LG set to expand air solution brands in Middle East, Africa, BCX set for better service delivery with new brand identity, Dokpesi, the broadcaster with trouble in his pouch, Elections in Africa: Facebook reveals strategies to combat fake news, 9mobile backs Nigerian woman entrepreneur on World Bank SDGs Award, The tragic experience of Dr. Ezekiel Izuogu and its corollaries (2). International Breweries Plc led the price gainers with 18.2 per cent, trailed by Cutix Plc with 17.2 per cent. The company will settle trade and counterparty risks for products including “index futures, single stock futures, FX futures, fixed income and commodities futures,” it said. The Nation checks revealed that the hackers took over admin panel as markets opened on Monday. READ our Privacy-policy and cookie policy. Livestock Feeds and Fidson Healthcare Plc garnered 6.3 per cent and 6.2 per cent respectively. Employees work on the trading floor at the Nigerian Stock Exchange (NSE) in Lagos, Nigeria in 2019. Equities investors ignored the violence and unrest in the country last week to increase their patronage of the market as they positioned ahead of the release of third (Q3) earnings by quoted companies. Perelman’s Cosmetics Empire Revlon Hinges on Finishing Debt... Central counterparty to clear index, single stock futures, Bourse to establish fund for trade guarantee and settlements. U.S. Economy Expands at Record 33.1% Pace After Covid-19 Plu... Flashback to 2018 Lira Crisis Fuels Calls for Emergency Hike, Boeing Brings Bond Sale on Heels of Downgrade to Junk’s Edge, ECB Signals December Stimulus Coming on New Virus Lockdowns, Brazil Keeps Low-Rate Guidance as Markets See Inflation Risk, U.S. GDP Day, WTO Race Roadblock, ECB Rates: Eco Day. Eterna Plc shed 8.9 per cent, just as Regency Assurance Plc depreciated by 8.30 per cent. Stock Market Gains N20bn on Q3 Results’ Expectations, Public, Private Schools Remain Closed, Says Lagos Govt, NECO Postpones SSCE Exams Indefinitely over #ENDSARS Protests, Tambuwal: Difficulties, Challenges Facing Nigeria are not Insurmountable, I’m in Govt to Serve, Not for Money, Says Obaseki. Record 200 Days With No Local Case Makes Taiwan World’s Envy, City Locked Down for Three Months Has Bleak Lessons for the World, S&P 500 Tumbles in Worst Stock Rout in Four Months: Markets Wrap, Tech Leads Stock Gains Before Earnings; Oil Sinks: Markets Wrap, U.S. Economy Expands at Record 33.1% Pace After Covid-19 Plunge. However, we advise investors to trade in only fundamentally justified stocks as the weak macro environment remains a significant headwind for corporate earnings,” analysts at Cordros Research said. Consequently, the Nigerian Stock Exchange (NSE) All-Share Index rose 0.13 per cent to close higher at 28,697.06. Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter. The market regulator said last year it will register a central clearing house to take on credit risks between parties in derivatives trading and also to help clear and settle deals. C/River National Assembly Caucus Sympathises With Victims of Hoodlums’ Attack, Preaches... Buhari: Nigeria’s Economy too Fragile to Bear Another Lockdown, #ENDSARS: Fundamental Lesson in Democratic Governance, The Placebo Of Curfews By Southern Governors, As Controversy Trails #EndSARS Lekki Tollgate Shooting, Catholic Bishop Faults Deployment of Soldiers to Lekki Toll, FEC Approves N4.5bn for Exams Papers Printing, FCT Roads, No Out-of-court Settlement With Pan Ocean Group, AMCON Insists, Hooligans, Political Marauders Pushing for Regime Change, Say Northern Govs. President Emmerson Mnangagwa, in power since a 2017 military coup that removed Robert Mugabe, blames the economic malaise on unnamed “detractors” and Western-imposed sanctions. Have a confidential tip for our reporters? Although the NSE ASI appreciated, the value and volume of trades fell 14.4 per cent and 23 per cent in that order. The third place was the Consumer Goods, with a turnover of 77.588 million shares worth N1.928 billion in 3,461 deals. The market recorded gains in three out of the five trading days, lifting the equities capitalisation by N19.7 billion to close at N14.999 trillion, against the expectations that the tensed security situation that led to the imposition of curfew by some states, would dampen investors’ demand. By Itohan Abara-Laserian Lagos, Oct. 28, 2020 The Nigerian Stock Exchange (NSE) will be seeking members approval to undertake a listing by introduction at the …
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