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Friday the market closed in a bearish trend ,all share index stood at 60,570.30 ,a drop of 3%.Insurance stocks drve volume with Investment and Allied Insurance selling 1.8 billion units of the sub sectors total of 2.8billion shares that were traded.Top gainers were Presco-6.01,Guiness-5.90,and Ecobank Transnational Inc.-3.83
Hello ,
I am glad to be back !
Volume drivers at the stock market thursday were Investment and Allied Insurance,Fidelity Bank and UBA with 66,833,819,24,419,919 and 21,686,122 shares respectively.Top gainers were Nestle -2.00,Presco-1.26,and UAC Properties-1.19.Total volume of shares traded stood at 509,004,856.Index was 61,263.14
Hello ,
UBA,One of Nigeria’s foremost banks recently declared a dividend payment of 25k and a bonus of 1 for 2.As a result activities rallied on the equity and the price went up by more than N10.-selling at N63 as at wednesday .Investors are taking position in the stock !National Salt Company presents it’s fact behind the figures later today -will intimate you on that soonest.
The insurance subsector drove volume at the market wednesday with 481,405,308 shares traded in 3,195 deals .Top 3 price gainers were Nestle,7up,and BCC.
Tip for managing your money-Live within your means
hello there
friday may the 15th ,a total number of 18,261 deals was traded at the market while the number of shares traded stood at 563,895,077.The market tilted to the bullish side more during the past week .tips for managimg yuor money -do not spend impulsively .
Conerstone ,CILeasing ,Linkage Assurance and universal Ins.drove volume monday at the market .Total volume was 314,308,005 while deals were 10,741.Bullish performance as this quater is expected to do well even though it started on a bearish note..Top gainers were nestle ,julius berger ,oando and nbc.And now to our money management tips -no matter how much you earn ,be sure to be setting aside a minimum of 15 % for investments .
Hello folks .
The market generally rebounded this week as some stocks started to regain some of the points they lost a few weeks back .This is generally due to expected money in the system like the implementation of the budget .A total number of 19,809 deals were undertaking .Top gainers included – Chevron -14 .66 ,Oando -12.35 ,Nestle -10.67.A lot of activities are going on in the market -this will necesitate more funds being channelled into the market .For example so many private placements are going on and should you want to take advantage of them here is a list of some of them -Value line securities at 1.70 with N1 NOMINAL VALUE (this means you get to be allotted double of the number of shares you subscribe to ).Lead Capital at 1.50 .Nadina Industries at 1.95 ,Solid Rock Securities at 1.50 ,Tetrazini -a food chain -at 6.00,(above stocks all have 1.00 nominal value ),Starcomms-a telecomms company -13.00 ,Multi resources at 95.Be a part of some of these private placements .
Lest I should forget, AP is planning to raise about 100 million .AP has been a high performer and more activities are expected on the equity.see you later in the day
financialquotientt will be devoted to intimating you on what is happenning on the stock market in nigeria .Iwill give you information on the market performance -with emphasis on top equities .tips on how to manage your money will also be available on this page .did you know that the Nigerian stock market is a best performer in emerging markets category of stock exchanges?Just last year the market capitalisation dubled itself and so far -in the second quarter of 2008 ,major in dicators have scored the market good points .catht ya tommorrow as we delve more into some high performers
