Thursday March 11, 2010
NSE Index/Market Cap (March 10, 2010)
  • NSE Index: 23,412
  • Market Capitalization (Naira): 5,638,236,644,050
Top 5 Gainers (March 10, 2010)
Symbol Close Change  
MOBIL 102.53 4.88
BCC 53.34 2.54
FLOURMILL 46.90 1.89
WAPCO 34.50 1.25
PZ 27.00 1.10
Top 5 Losers (March 10, 2010)
Symbol Close Change  
OANDO 89.30 4.69
NB 58.10 1.60
UACN 45.00 1.00
ALUMACO 14.26 0.75
UNILEVER 24.69 0.32
Top 5 Traded (March 10, 2010)
Symbol Volume Value
ZENITHBANK 71,965,228.00 1,148,080,000.00
DIAMONDBNK 38,330,659.00 337,441,000.00
UBA 28,883,180.00 388,500,000.00
FIRSTBANK 27,075,965.00 405,123,000.00
FIDELITYBK 15,535,713.00 42,140,700.00
Articles
Hope in Sight for the NSE
April 30, 2009   source: Nigeria Stock Market

In one of my earlier articles, I said the systemic interest rates are likely to react positively to Government expenditures as the demand for money, which exceeded the money in supply pushed up the rates into the sky. There was a dramatic turnaround on Friday April 24, 2009 when the Federal Government released N441 billion statutory allocations into the system. The Nigerian Inter-bank Offering Rates (NIBOR) call rates dropped from 13.50% to 8.00% on the same day.

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News and Events
Nestle Declares N10.60 Final Dividend
March 01, 2010   source: www.thisdayonline.com

Leading food/ beverages manufacturing firm, Nestle Nigeria Plc yesterday announced a final dividend of N10....

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Investors Trade N1.66bn Shares
March 01, 2010   source: www.thisdayonline.com

Investors traded 346....

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Market Records Mixed Performance
March 01, 2010   source: www.thisdayonline.com

The stock market recorded a mixed performance yesterday, which was the last trading day of February 2010....

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Bulls Regain Control of Market
February 12, 2010   source: www.thisdayonline.com

The bulls regained control of the stock market yesterday after two days of playing the second fiddle to bears....

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Location Nigeria
Up until last year, the Nigerian Capital Market had experienced significant growth. The total market capitalization had increased from N=760 Billion to over N=11 Trillion in only 8 years, with the index 5 times what it was in 2002. This growth has been checked in the last year, reflecting the global financial turmoil.
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Other news
Market Indicators Close Lower
Nestle Meets on Final Dividend
Equities Recoup N301bn in 4 Days
Bulls Consolidate Hold on Market
Cement Stocks Lead Gainers
Market Cap Adds N29bn
NB Plc, Fidson Declare Dividends
Bulls Regains Control of Market
Market Slides Further
NSE DG Explains Bull Run
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