Nigerian Stock Exchange today.
August 27th, 2008 Ugonna Maduagufor || ugonna@stockmarketnigeria.com
The market for the first time in the past 12 trading days, went up price-wise by 2.7percent after a long downward trend in the day to day price movement indicator, as the All Share Index closed with 44,572.85 base points as against yesterday’s 43,382.48 base points. A total of 8,672 deals were closed today, involving a total of 1,054,205,586 unit shares valued at N14,870,507,827.02; as against yesterday’s total of 12,801 deals, involving a total of 403,050,972 unit shares valued at N5,097,893,014.60. The Market Capitalisation also appreciated to N9.088 trillion as against yesterday’s N8.845 trillion.
The top traded stocks of the day included: (1) AFRIBANK which traded 358,650,105 unit shares valued at N8,070,436,732.97; (2) IAINSURE traded with 81,896,527 unit shares valued at N60,638,208.60; (3) SKYEBANK traded with 71,550,975 unit shares valued at N788,491,744.50; (4) WEMABANK traded with 51,846,528 unit shares valued at N777,697,920.00; (5) while ASOSAVINGS traded with 41,688,188 unit shares valued at N111,915,635.12 .
The top price gainers chart in a descending order includes: (1) CHEVRON
Which gained N20.00 to close at N420.00; (2) OANDO gained N5.77 to close at N121.20; (3) NB gained N2.15 to close at N45.16; while (4) UACN gained N1.85 to close at N38.85.
On the other hand, the top price losers also in a descending order includes: (1) MOBIL losing N3.62 to close at N359.28; (2) RTBRISCOE lost N0.19 to close at N19.29; (3) BERGER lost N0.11 to close at N11.49; while (4) GUINNESS lost N0.11 to close at N119.89.
(3 votes, average: 2.67 out of 5)
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can anybody tell me why the sudden rise in stock prices. dont you think that prices have been fixed? this is unusual
i’d like to get articles like this one via email. thanks
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can someone tell me what is happening to nigerian stocks especially banking sector?
Can someone enlighten me on what Sterling Bank did on the reconstruction, we are battling with the bearish trend and they have added another load on the shareholder. Can someone please give me a shout on the steps taken (if there is any) by the regulatory body.
@Adebayo O. Samuel.
Please see the discussion thread about this on our forum
http://www.stockmarketnigeria.com/forums/banking-stocks/1094-sterling-bank-action-plan-announcement-23.html
Its a long thread, but browse through it backwards and forwards to see what some forum members are saying (and doing) about the share reconstruction