The stock exchange closed on a bright note at the end of trading on last trading day for the month of September (September 28, 2007).

Some of the key highlights for the day was jthe lift of the technical suspension on IBTC Chartered Bank. It would be recalled that the bank has been on technical suspension for some months now due to the deal between Standard Chartered Bank of South Africa and IBTC. The deal ended on a successful note however as the South African bank was able to secure majority stake in the Nigerian bank. Upon lifting from the suspension, the price gained maximum 5 percent for the day, and is expected to continue this rally in the weeks ahead.

Also, the outstanding shares of NEM Insurance increased today as 3,531,033,835 ordinary shares was added after the conclusion of its last Rights issue.

FCMB was also adjusted for dividen payment of N0.35 which leaves the ex-div price at N17.45. It is expected that the bullish trend would continue once trading resumes after the independence day celebration of Nigeria on October 1, 2007.