The News Agency of Nigeria reports that the All Share Index gained 332.36 points, and increase of 1.07 per cent to close at 31,477.51 against 31,145.15 on Wednesday.
The upturn was significantly impacted by value appreciation recorded in some medium and large capitalised stocks, Nestle Nigeria, Beta Glass, Mobil Nigeria, MTN Nigeria Communications and Dangote Cement. Beta Glass rose by 7.60 per cent to close at N75, while Conoil appreciated by 6.95 per cent to close at N21.55 per share.
Transactions in the shares of Sovereign Trust Insurance topped the activity chart, accounting for 280.76 million shares worth N64.6 billion.
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NSE halts bearish trend, amid MTN Nigeria listing - Premium Times NigeriaThe Nigerian Stock Exchange (NSE) on Thursday halted nine consecutive days bearish trend following the listing of MTN Nigeria Communications Plc 20.35 billion shares at N90 per share.
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MTN Nigeria lifts trading on NSE, records 10 per cent growth second trading day - Premium Times NigeriaMTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian Stock Exchange (NSE).
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MTN’s Listing Boosts NSE Market Capitalisation By N1.8trnThe market capitalisation of the Nigerian Stock Exchange (NSE) got a boost by N1.83 trillion yesterday, following the historic listing of 20.35 billion ordinary shares of MTN Nigeria Plc at N90 per share. The company was listed on the Premium Board of the NSE. The listing was the second this year and done by way […]
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Concern Mounts Over Possible Share Manipulation in MTN’s NSE Listing - THISDAYLIVESome 700 Shareholders profiting from massive demand and piecemeal supply intended to jack up value Share price jumps 21% in 2 days of trading Kunle Aderinokun, Obinna Chima, Goddy Egene and Bamidele Famofoo Investors on the Nigerian Stock Exchange (NSE) and stakeholders waiting to purchase the shares of MTN Nigeria Communications Plc through an initial …
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MTN Lists on NSE, Shares Rise by 10% on First Trading Day - THISDAYLIVEThe Nigerian Stock Exchange (NSE) Thursday achieved a milestone with the listing of MTN Nigeria Communications Plc’s 20.35 billion shares at N99 per share lifting the market capitalisation by N1.83 trillion. News Agency of Nigeria (NAN) reported that the stock appreciated by N9.00 at the first trading day to close at N99 per share, having …
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SEC Approves New Rules for Trading of Shares on the NSE - THISDAYLIVEGoddy Egene The Nigerian Stock Exchange (NSE) Wednesday said it has received the approval of the Securities and Exchange Commission (SEC) to some rules and amendments of existing ones aimed at making trading on the stock exchange more efficient. In a notification placed on its website, the NSE listed the rules to include: Rules on …
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Market capitalisation hits N12.5 trn as MTN lists on NSE – Daily TrustThe Nigerian Stock Exchange’s total market capitalisation rose by N1.8trillion to close at N12.5trn yesterday following the final listing of MTN Nigeria Communications Plc (MTN Nigeria) on the local bourse. The telco’s 20.35 billion ordinary shares at N90 per share were officially introduced to NSE Premium Board to the jubilation of many dignitaries in attendance.ADVERTISEMENT …
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MTN listing boosts market value by N1.8trn - Vanguard NewsThe listing of MTN Nigeria Communications Plc on the Nigerian Stock Exchange, NSE, yesterday, boosted market capitalisation by N1.8trillion, even as the...
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MTN secures fresh 200b loan, targets capex expansion of 4G services, others | The Guardian Nigeria News - Nigeria and World NewsBarely 24 hours after it listed 20.4 billion ordinary shares at N90 on the Nigerian Stock Exchange (NSE), MTN has secured fresh loan of ₦200 billion from seven Nigerian financial institutions. This loan is coming barely a year after MTN was also granted ₦200 billion loan by the banks. The new agreement was formally … I don't believe MTN should be seeking loans. They should be giving loans. Something is not right here. Is like Nigerians have taken over their Board of Directors (BOD) At Least it is for a good and sure curse, unlike when FG is borrowing from China
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