Specifically, the market capitalisation inched higher by N297 billion or 2.11 per cent to close at N14.402 trillion from N14.105 trillion recorded on Friday.
Specifically, the market capitalisation, which opened for the week on Monday at N10.993 trillion, shed N222 billion or 2.02 per cent to close at N10.771 trillion
Shareholders of Eland Oil and Gas Plc have given overwhelming backing to the £382 million takeover of the company by indigenous oil and gas producer, Seplat Petroleum Development Company Plc.
The crucial market indicators of the Nigerian Stock Exchange rebounded on Thursday after three consecutive days loss following Nestle and Seplat price rallies.
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The All-Share Index of the Nigerian Stock Exchange on Thursday reached all time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.
The Nigerian Stock Exchange on Friday recorded growth with the market capitalisation increasing by N37 billion to change the bearish posture it maintained in the last four days.
Nigerian National Petroleum Corporation and Seplat Petroleum Nigeria Limited partnership is expected to deliver daily 300millon standard cubic of gas per day to the domestic market, the corporation says.
According to PENGASSAN, these oil and gas companies are notorious in the practice of casualization, contract staffing, outsourcing and off-shoring of jobs as well as other unfair labour practices and under-hand tactics in their Labour relations activities.
Activities closed for the week on the Nigerian Stock Exchange on a positive trend following gains recorded by some highly capitalised stocks after two consecutive days losses.
The News Agency of Nigeria reports that Seplat topped the laggards’ table with a loss of N60 to close at N650 per share.
Seplat emerged investors delight with a gain of N62.50 to close at N687.50 to lead the gainers’ table.
The NSE said in Lagos the four companies would be migrated to its Premium Board on April 16, sequel to their applications and meeting of its listing requirements for the board.
Guaranty Trust Bank advanced by 75k to close at N49.35, while Redstar increased by 30k to close at N6.30 per share.
The News Agency of Nigeria reports that the index rose by 1,225.43 points or 2.93 per cent to close higher at 43,041.54 against 41,816.11 recorded on Wednesday.
The News Agency of Nigeria reports that Seplat led the gainers’ table, increasing by N23.78 to close at N650 per share
The News Agency of Nigeria reports that the market capitalisation rose by N27 billion or 0.23 per cent to close at N11.550 trillion against N11.523 trillion on Tuesday.
Also, the market capitalisation, which opened at N11.331 trillion, dipped N162 billion to close at N11.169 trillion due to huge losses
The News Agency of Nigeria reports that Guinness Nigeria trailed with N2.64 to close at N60, followed by Forte Oil having lost 82k to close at N45.59 per share
The News Agency of Nigeria reports that the market capitalisation, which opened at N8.738 trillion, rose by N43 billion or 0.49 per cent to close at N8.781 trillion