₦airaland Forum

waiting for Afonjas to come and defend their god

By BusinessNews Staff on September 12, 2016
Activities on the floors of the Nigeria Stock Exchange (NSE) last week dropped as the NSE All Share Index (ASI) and market capitalisation declined by 0.65 per cent to close at 27,577.52 and N9.473 trillion respectively. For the NSE ASI, the stock market depreciated 179.15 having moved down from 27,756.67 it stood the previous week while for the market capitalisation, the bourse lost N61 billion dropping from N9.534 trillion it closed the previous week.

Similarly, all other Indices finished lower during the week, with the exception of the NSE Main Board Index, NSE Insurance Index, NSE Consumer Goods Index and the NSE Pension Index that appreciated by 0.01 per cent, 0.12 per cent, 0.50 per cent and 0.26 per cent respectively while the NSE ASeM Index closed flat.

In terms of volume and value of trading, a turnover of 1.183 billion shares worth N10.300 billion in 16,522 deals were traded this week by investors on the floor of the exchange in contrast to a total of 1.115 billion shares valued at N13.817 billion that exchanged hands last week in 16,083 deals.

A breakdown of trading activities revealed that the Financial Services Industry (measured by volume) led the activity chart with 1.015 billion shares valued at N7.136 billion traded in 11,012 deals. The figures represented 85.83per cent and 69.28per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed from a distance with 69.777 million shares worth N473.308 million in 564 deals.

The third place was occupied by the Services Industry with a turnover of 42.223 million shares worth N75.881 million in 202 deals. Trading in the top three equities namely – United Bank for Africa Plc, Guaranty Trust Bank Plc and FBN Holdings Plc (measured by volume) accounted for 444.004 million shares worth N4.958 billion in 4,153 deals, contributing 37.53per cent and 48.13per cent to the total equity turnover volume and value respectively.



For the Exchange Traded Products (ETPs), traded during the week were a total of 943 units of ETPs valued at N1.357 million executed in 28 deals, compared with a total of 29,242 units valued at N283,495.57 transacted last week in 42 deals.

Meanwhile, a total of 9,140 units of Federal Government Bonds valued at N9.198 million were traded in 6 deals compared to a total of 4,470 units of Federal Government Bonds valued at N4.313 million transacted last week in 8 deals.

Analysis of trading on Friday showed that at the close of trading, the NSE ASI inched up by 0.01 percentage points to close at 27,577.52, bringing the year-to-date return to -3.72per cent (-6.37per cent – over the last one year on an annualized basis).

Friday’s trading was driven by; Conoil (+10.19per cent, N23.79), 7UP (+4.61per cent, N146.45), PZ Cussons (+4.07per cent, N18.65), Stanbic IBTC (+3.38per cent, N15.00), UBA (+2.50per cent, N4.51), Guinness (+2.20per cent, N100.00), Oando (+1.41per cent, N5.00), Access Bank (+1.10per cent, N5.53), Unilever (+0.57per cent, N40.27), and Total (+0.45per cent, N241.08). Gainers numbering 22 dominated trading as against 17 that were losers.

For the week under review, 24 equities appreciated in price, lower than 28 equities of the previous week. Thirty-eight equities depreciated in price, higher than 31 equities of the previous week, while 118 equities remained unchanged lower than 121 equities recorded in the preceding week. May & Baker was the highest gainer for the week having risen 22.22 per cent in share price while Wema Bank was the highest loser with 12 per cent drop in share price.
http://businessnews.com.ng/2016/09/12/stock-market-loses-n61billion-in-one-week/?wt=3

NDA are from Russia

Bolustic:
At least, I am entitled to my opinion as a Nigerian. Are you an IPOD yoot?

kid

Abokkis don't understand modern things, leave them

AlNur:
Wow! I have followed this thread for like 3 years now and I must say I have enjoyed it and also learnt a lot from it. Spyder, centje, Afam, asha08, igboson1, henryachuba, you guys are bunch of intelligent men, with your types in our political scope we will go a long way as a country and as an igbo nation. By the way since last week I have been coming back to check if there's any update on the thread and none seems to be forthcoming. Spider I know you must be very busy, basilo1 plz update us with Nsukka pictures that is another senatorial zone that needs to be developed so we can remove the tag of one developed urban in Enugu state.

I am in Niger state now, but i will contact those on ground over there

forex is being given for dangote, we will buy fuel for N300 per liter when he successfully monopolize that sector

2018 will soon be here and they will change tune that they need another tenure to bring the elusive change

instead of some lazy states to emulate anambra vegetable exploits they are busy hating, Ok

ogegold1234:
It can't be true... New here though!

welcome, fine girl

this is what Buhari should do with immediate effect, his military career was built on nepotism without O'level

Aba will render this factory unprofitable. whatever they produced will be cloned in Aba and sold at cheaper rate. Government have no business running business

Igala land does not have this type of vegetation

No afonja should be admitted into wailers club unless he openly apologize to GEJ, all this half hearted wailing can not be trusted especially coming from the hypocrite afonjas

AMCON should take over

Osunization of nigeria activated

The new sherifat is a weakling repackaged through propaganda. he succumbs after causing severe damages wih his vain ego massaging stubborness

FunkyMetahuman:
lmao
see them

awon omo ale oniro


so Lagos borrowed more than half of its GDP..


The external debt profile of states has shown that Lagos State has the highest with a profile of $1.087 billion, followed by Kaduna State with a total of $234 million. Cross River State followed closely with an external debt profile of $131.469 million. Other states with relatively large external debt are Edo $123 million, Ogun $109 million, Bauchi $87million, Enugu $62 million, Katsina $78 million, Osun $67 million and Oyo State $72 million.
federal Government’s domestic debt on the other hand stood at $47.05 billion or N7.9 trillion, while those of the states stood at $10.97 billion or N1.708 trillion. Federal Government’s domestic debt is made up of N4.792 trillion bonds, N2.815 trillion Treasury bills and N296.2 billion treasury bonds.
According to figures published by the Debt Management Office in Abuja, the total debt stock of the Federal Government and the 36 states of the federation including the Federal Capital Territory amounted to N11.243 trillion or $67.726 billion. States and the Federal Capital Territory as at 31st December 2014, had a domestic debt profile of N1.707 trillion or $10.967 billion.


http://www.vanguardngr.com/2015/04/fgs-external-debt-states-debt-profile-on-the-rise/

Lol, zombies face the topic. is N17500 for a bag of rice goodnews?? thats the topic

mars123:
philosophically Bubu is right. The people today become the government tomorrow so if the people will change today the government will change tomorrow. The timing is wrong though.

and what happens to the govt of today?

so if the recession ends you will count it as an achievement even if the situation is still worse than what you met??

Mr Integrity my foot

Onatisi is a prophet

Klinee:
the airport is it in Anambra? why didn't he build airport like this one in Anambra. u guys should learn how to stop praising all this politians

which kind dumb comment be this na??

Lol, will they ever stop living in denial??

OK, let them have Lagos and leave others alone na??

Obasanjo hired capable hands who helped us exit Paris club, Buhari should do same and stop crying like a baby

Looks like Obodo oyibo

vedaxcool:
Have you notice it is only you haters of progress and beeerfraudians that tie your entire existence to tweef between Nigeria and Kenya? Any sensible grownup will know that being better than someone isn't about the insults or yabbings you can throw but by your qualities of life you enjoy... you obviously live a sad existence where you perpetually suffer internal turmoil are you for or against? are you a Nigeria or beerfraudian? Do you want to live a better life or one in misery where PMB fails? this sort of turmoil leads to insanity. .. Your end doesn't look good.

zombies have a way of consoling themselves sha

Before you know it, yorubas will turn this thread to igbo vs yoruba thread when the man who declared freedom from Tinubu is clearly a yoruba man

aresa:
[s][/s]



1. Nigeria doesn't have ICT minister and that is your Number 1 ignorance about your own country.

2. We have an agency in charge of ICT and Bunmi okunowo is the head of that agency in charge of our ICT regardless under what ministry.

3. Bunmi Okunowo is who Nigeria gave our ICT task to, he is who we are paying to lead our ICT efforts, he has the skills and ICT background to do the job hence our leading role in ICT all over Africa.




You can swim in your ignorance all you want, the person we gave our ICT agency to and who we are paying for that Job is Bunmi Okunowo..

Agencies are under one ministry or the other, stop showing your ignorance to the world

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