NSE INDICES GROW FURTHER BY 0.63%, AMID DANGOTE CEMENT GAIN
source: http://www.eyesoflagos.com/2018/08/nse-indices-grow-further-by-063-amid_24.html

Trading activities on the Nigerian Stock Exchange sustained a postive growth on Friday, with Dangote Cement leading the gainers’ table for the second consecutive day. Eyes Of Lagos reports that the crucial market indices appreciated further with 0.63 per cent growth, following gains by some blue chips.

Specifically, the market capitalisation inched N81 billion or 0.63 per cent to close at N12.933 trillion against N12.852 trillion recorded on Thursday.
Also, the All-Share Index rose by 220.05 points or 0.63 per cent to close at 35,426.21 compared to 35,206.16 posted on Friday.
Dangote Cement led the gainers’ table during the day, gaining N5 to close at N235 per share.
Flour Mills followed with a gain of N1 to close at N21.50, while Ecobank Transnational added 60k to close at N20 per share.
Air Service improved by 46k to close at N5.30, while NEM Insurance appreciated by 15k to close at N3 per share.
On the other hand, International Breweries topped the losers’ chart, shedding N2 to close at N32 per share.
Afri Prudential Registrar trailed with a loss of 35k to close at N37.50, while Guaranty Trust Bank declined by 30k to close at N37.50 per share.
UPL was down by 23k to close at N2.07, while NASCON lost 10k to close at N19.90 per share.
Similarly, the volume of shares traded rose by 139.11 per cent, while value of shares transacted increased by 79.05 per cent.
NAN reports that investors traded a total of 527.74 million shares valued at N4.53 billion in 3,313 deals.
This was against the 220.71 million shares worth N2.53 billion exchanged in 3,287 deals on Thursday.
United Bank for Africa was the most active stock, exchanging 235.66 million shares worth N1.89 billion.
NEM Insurance followed with an account of 93.09 million shares valued at N279.19 million, while ETI traded 21.91 million shares worth N438.03 million.
Regence Insurance sold 18.812 million shares valued at N4.19 million, while FBN Holdings exchanged 17.94 million shares worth N172.67 million.

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If I no make money wetin I gain?
The grace when pass dangote and otedola combined na wetin I need baba God
#pray4grace

9ice one

Amen to that bro. I photocopy the prayer too

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Ok

The sum of N12.933 trillion as market capitalisation is a disgrace for a country of 180m people.

That figure isn't up to $40billion.

That Mark Zuckerberg who is worth about $70b can buy all the stocks on the markets almost twice over!

Note that Mark's wealth is based on the stock he owns in Facebook, which isn't up to 20% of the company itself

hmm

grandstar:
The sum of N12.933 trillion as market capitalisation is a disgrace for a country of 180m people.

That figure isn't up to $40billion.

That Mark Zuckerberg who is worth about $70b can buy all the stocks on the markets almost twice over!

Note that Mark's wealth is based on the stock he owns in Facebook, which isn't up to 20% of the company itself

A big shame I tell you!


Even the JSE is South Africa there is even more capitalised than the NSE

Why are we not involved heavily in our own markets?

I tell you why! Ignorance!

Politicians steal so much money, instead of investing in our own markets or in companies here, they steal it and send elsewhere

What is even more worrisome is that out of that amt, foreign capital form a huge percentage, and now that they are pulling out, our market will tank further


Why is my country like this bikonu?

Since there is nobody to talk sense in this thread let me say something.
Something, something.

YorubaMuslims:
hmm

Four in five is clearly an exaggeration.

grandstar:
The sum of N12.933 trillion as market capitalisation is a disgrace for a country of 180m people.

That figure isn't up to $40billion.

That Mark Zuckerberg who is worth about $70b can buy all the stocks on the markets almost twice over!

Note that Mark's wealth is based on the stock he owns in Facebook, which isn't up to 20% of the company itself

It will continue to be like that. Many Nigerians have wisened up to their antics.
d real disgrace is that d market is being manipulated & controlled by a few money bags. Cases of insider-trading, creation of false markets & share manipulations ar rampant. d Dangote/Otedola AP share saga easily comes to mind.
d books of most listed companies ar cooked & do not reflect d reality of their operations. Even those on d verge of bankruptcy post fictitious gains in their annual reports.
Once beaten, twice shy

YorubaMuslims:
hmm

That doctor must be a Martian! He can never be a Nigerian. Where did he get the data to be so emphatic?

grandstar:
The sum of N12.933 trillion as market capitalisation is a disgrace for a country of 180m people.

That figure isn't up to $40billion.

That Mark Zuckerberg who is worth about $70b can buy all the stocks on the markets almost twice over!

Note that Mark's wealth is based on the stock he owns in Facebook, which isn't up to 20% of the company itself

We are the problem .
How many people are active on the stock exchange you know in person?

4601CE:
We are the problem .
How many people are active on the stock exchange you know in person?

Completely wrong.

It is the duty of the government to create the enabling environment.

The main players in stockmarkets globally are financial institutions such as pension and hedge funds. The activity of such players are what dictate the rise and fall of shares.