Monday February 08, 2010
NSE Index/Market Cap (February 08, 2010)
  • NSE Index: 22,864
  • Market Capitalization (Naira): 5,506,278,543,160
Top 5 Gainers (February 08, 2010)
Symbol Close Change  
UNILEVER 25.00 1.00
DANGFLOUR 12.98 0.61
ASHAKACEM 15.30 0.34
NB 57.20 0.20
UAC-PROP 21.20 0.20
Top 5 Losers (February 08, 2010)
Symbol Close Change  
UACN 39.91 1.99
NBC 27.08 1.42
FLOURMILL 36.60 1.41
ALUMACO 17.50 0.92
ETI 15.20 0.80
Top 5 Traded (February 08, 2010)
Symbol Volume Value
ASOSAVINGS 16,883,108.00 11,229,600.00
SKYEBANK 13,316,942.00 97,465,700.00
FIRSTBANK 10,939,708.00 161,580,000.00
GTASSURE 9,208,900.00 19,862,300.00
ACCESS 8,992,500.00 78,061,500.00
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
Bulls Consolidate Hold on Market
February 08, 2010   source: www.thisdayonline.com

The  bulls consolidated their hold on the  stock market yesterday lifting the  bench market index, the Nigerian Stock Exchange (NSE) All-Share Index  by a record 2....

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Nestle Meets on Final Dividend
February 08, 2010   source: www.thisdayonline.com

The Board of Directors of Nestle Nigeria Plc will next week Friday meet to decide the final dividend payable to the shareholders for the year ended December 31, 2009....

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Index Rises as Recovery Continues
February 08, 2010   source: www.thisdayonline.com

Nigerian Stock Exchange (NSE) All-Share Index hit 23,096....

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Equities Recoup N301bn in 4 Days
February 08, 2010   source: www.thisdayonline.com

Nigerian equities have recouped N301bn,  while the benchmark index has soared by 5....

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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
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
Bulls Sustain Hold on Market
Renewed Demand Propels More Gains
Trading Value Dips 58%
Trading Value Dips 58%
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