MarketWatch

[muranay@yahoo.com]

Market today


Index : 25,844.18

Deals : 5,917

Volume : 351,203,664

Value : N 3,134,891,822.66

Cap. : N 6,320,555,104,742.53


Bull finally defeated by Technical Knock Out as index dropped today by 0.23%

[oneword]

I think this is a good place to ask my questions:

What is the minimum percentage of shares a company can list on the NSE?

What is the maximum percentage of shares can an individual/company own in a company?

[Walcolm]

Originally Posted by oneword

I think this is a good place to ask my questions:

What is the minimum percentage of shares a company can list on the NSE?

What is the maximum percentage of shares can an individual/company own in a company?

the minimum percentage of the outstanding shares of a company that must be made available for free trading after listing is 25%.

i dont think a company can choose to list only a portion of its shares outstanding in Nigeria....the financial market is not that sophisticated yet

there's no maximum %age a person can hold of the stock of a company but you cant own a 100% of any stock and list on the NSE... you need at least 50 people to own stocks in a company to qualify for the status of a PLC. but once you cross the 5% ownership threshold in a listed company...you will come under the microscope of NSE, SEC and CBN

[Oracle]

Originally Posted by Walcolm

the minimum percentage of the outstanding shares of a company that must be made available for free trading after listing is 25%.

i dont think a company can choose to list only a portion of its shares outstanding in Nigeria....the financial market is not that sophisticated yet

there's no maximum a person can hold of the stock of a company but you cant own a 100% of any stock and list since that is not a public company... you need at least 50 people to won stocks in a company to qualify for the status of a PLC. once you cross the 5% ownership threshold...you will come under the microscope of NSE, SEC and CBN

Since u can't own 100%, then should the maximum be 99.9% that can be owned?

[knightofdelta]

Originally Posted by Oracle

Since u can't own 100%, then should the maximum be 99.9% that can be owned?

Na wa o! Then the other 49 owners will own just 0.1% of the company...

[c kenneths]

Originally Posted by Walcolm

the minimum percentage of the outstanding shares of a company that must be made available for free trading after listing is 25%.

i dont think a company can choose to list only a portion of its shares outstanding in Nigeria....the financial market is not that sophisticated yet

there's no maximum %age a person can hold of the stock of a company but you cant own a 100% of any stock and list on the NSE... you need at least 50 people to own stocks in a company to qualify for the status of a PLC. but once you cross the 5% ownership threshold in a listed company...you will come under the microscope of NSE, SEC and CBN

I will really love to be under that type of microscope, especially if its NB that is the company.

[muranay@yahoo.com]

Market today

Index : 25,634.39

Deals : 5,997

Volume : 193,397,453

Value : N 2,084,813,214.86

Cap. : N 6,269,248,730,872.72


Index dropped further

[Oracle]

Wahala dey ooo.
Hope say this woman no go wan burn exchange just to bury the evidence say financial misappropriation dey go on for there.

NSE crisis deepens as Accenture suspends CEO selection over debt - latest news, breaking news, business, finance analysis, comments and views from Nigeria :: Businessday

[manemi]

Originally Posted by Oracle

Wahala dey ooo.
Hope say this woman no go wan burn exchange just to bury the evidence say financial misappropriation dey go on for there.

NSE crisis deepens as Accenture suspends CEO selection over debt - latest news, breaking news, business, finance analysis, comments and views from Nigeria :: Businessday

I know there must be something wrong with the finances of the NSE when they can't run a lousy website. They say if you enter a house and see one cockroach there must be others lurking around. I just hope that poor small investors like myself are not made to lose money in the process.

[muranay@yahoo.com]

Market closed on dull note

Deals : 6,804


Volume : 266,228,052


Value : N 1,932,778,012.16

[muranay@yahoo.com]

Originally Posted by muranay@yahoo.com

Market closed on dull note

Deals : 6,804


Volume : 266,228,052


Value : N 1,932,778,012.16

Index dropped further to 25,418.84 with Cap. of N 6,216,533,166,036.83

[yemo]

Originally Posted by bivins1

well when bro yemo no dey show BID/OFFER status again , that suppose tell the story .

Bros. I get the feeling that our "friends at the NSE" dont want this info freely available. Nuff said.

Y

[knightofdelta]

Originally Posted by yemo

Bros. I get the feeling that our "friends at the NSE" dont want this info freely available. Nuff said.

Y

Is this not the same NSE that borrowed almost N1b from CSCS? The same NSE that earmarked almost N1b to build a state-of-the-art website?

[demo]

All stock exchanges are information driven, in nigeria however, reverse is the case. Apologies to stockbrokers here. Madam must go now for the market to move forward nothing personal. Why should investors pay to access information that should enable them make decisions ?

[muranay@yahoo.com]

Stock Exchange lied, Accenture not involved in CEO search - latest news, breaking news, business, finance analysis, comments and views from Nigeria :: Businessday

[fredski]

Originally Posted by knightofdelta

Is this not the same NSE that borrowed almost N1b from CSCS? The same NSE that earmarked almost N1b to build a state-of-the-art website?

Yes state of the Art indeed. The of Go Slow and Break Down.... The market would never move forward with this woman at the helm.

[knightofdelta]

Originally Posted by muranay@yahoo.com

Stock Exchange lied, Accenture not involved in CEO search - latest news, breaking news, business, finance analysis, comments and views from Nigeria :: Businessday

Someone please tell me this is a joke...

[manemi]

Originally Posted by knightofdelta

Someone please tell me this is a joke...

Oga KOD. I thought you were factoring in the NSE succession struggles in your prediction that the market may not bottom until November/December.

[knightofdelta]

Originally Posted by manemi

Oga KOD. I thought you were factoring in the NSE succession struggles in your prediction that the market may not bottom until November/December.

No, I did not oh! I based my analysis on technical/fundamental factors of the economy and companies, not NSE troubles.

[muranay@yahoo.com]

E be like say market want to change gear today.