Renewed sell pressure embarked by investors on the Nigerian Stock Exchange took further toll on the market indices, with index dropping to 31,000 mark.
Nigerian Stock Exchange
Specifically, the All-Share Index rose by 9.49 points or 0.03 per cent to close at 32,152.90 compared with 32,143.41 posted on Monday.
Henry Rowlands, SEC Acting Executive Commissioner Corporate Services, disclosed this in an interview with the News Agency of Nigeria in Lagos.
Diamond Bank Plc and Access Bank Plc have notified the Nigerian Stock Exchange and the general public that both banks are not in any merger or acquisition talks as being circulated in some media.
Activities on the Nigerian Stock Exchange closed northward on Thursday with the market indicators appreciating further by 0.37 per cent.
Data obtained by the News Agency of Nigeria from the exchange in Lagos indicated that banking equities dominated the gainers’ table with Fidelity Bank emerging the best performing stock in percentage terms.
Stanbic IBTC Holdings, a member of Standard Bank Group, on Thursday reported 59 per cent growth in profit after tax for the nine months ended Sept. 30, 2018.
The unaudited result submitted by the bank to the Nigerian Stock Exchange showed that the profit was higher by 14 per cent when compared with N13 billion achieved in the corresponding period of 2017.
Trading resumed on the Nigerian Stock Exchange for the week on Monday on a positive note with the market capitalisation rising by N106 billion.
Dangote Cement maintained its leadership on the Nigerian Stock Exchange, leading the price gainers’ table for the second consecutive trading day, the News Agency of Nigeria reports.
Financial experts on Thursday urged the Federal Government to ensure a quick resolution of the impasse between the Central Bank of Nigeria and MTN Nigeria over illegally repatriated dividends.