The unaudited and provisional results released to The Nigerian Stock Exchange show that the N10.2 billion represents an 11.8 per cent decrease over the N11.4 billion recorded in the corresponding period in 2017. Â
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The company plans to raise N39,700,688,598 by way of rights to existing shareholders, on the basis of five new shares for every 11 shares held by shareholders, whose names appeared in the register of members of the Company as at March 15, 2017 at an issue price of N58 per share.Â
The unaudited and provisional results sent to The Nigerian Stock Exchange shows that the amount represents a 9 per cent increase over the N10.45 billion recorded in the same period in 2016
The claims of losses are expected to revolve around such things as insolvency, bankruptcy or negligence of a dealing member firm of a securities exchange or capital trade point
This was in contrast to the 396.96 million shares valued at N5.45 billion exchanged in 5,446 deals on Monday
The News Agency of Nigeria (NAN) reports that the All-Shares Index rose by 373.43 points or 0.94 per cent to close higher at 40,231.68 against 39,858.25 achieved on Tuesday
The market capitalisation lost N1 billion or 0.01 per cent to close at N12.429 trillion against the N12.430 trillion recorded on Wednesday
The All-Share Index rose by 214.09 points or 0.55 per cent to close at 38,961.60 against the 38,747.51 posted on Monday
Total came second with a gain of N5.85 to close at N167.85, while Dangote Cement appreciated by N5 to close at N195 per share
Also, the market capitalisation appreciated by N76 billion or 0.64 per cent to close at N11.986 trillion, against the N11.910 trillion posted on Monday
Similarly, the market capitalisation, which opened at N11.73trillion, rose by 0.13 per cent to close at N11.75 trillion
It was trailed by Forte Oil with a loss of N3.17 to close at N35.70, while Cadbury dipped by N2.85 to close at N50 per share
In the period under review, Transnationwide Express lost 67k, to close at N1.32 per share
Nigerian Breweries and Okomu Oil trailed with a loss of N2.90 each to close at N175 and N43.10 per share, respectively
It was trailed by Unilever, which dropped N7.40 to close at N68.60, while Nigerian Breweries lost N3.03 to close at N170 per share