Market Analysis

Market Turnover

The stock market recorded improved performance when compared with the preceding month. A turnover of 7.8 billion shares worth N40.15 billion in 131,419 deals was recorded this month, in contrast to a total of 6.44 billion shares valued at N37 billion exchanged during February in 150,689 deals. Trading volume and value rose by 21.15% and 8.53%, respectively when compared with the preceding month… Read more ›

Market Capitalization

The market value of the 302 listed securities closed at N7.2 trillion, down by 8.7% from N7.86 trillion recorded in the preceding month. The decline in market capitalization can be attributed to the decline in the prices of most equities. The 214 listed equities accounted for N4.5 trillion or 62.6% of total market capitalization, down from N5.24 trillion or 66.64% in February… Read more ›

New Listings

The 4,579,782,814 shares of N0.0015 each at N6.00 per share in favour of Pinancle Point Group Plc was admitted to the Daily Official List on Tuesday, March 17, 2009 by way of Introduction in the Foreign Listings subsector. Also, a total of 4,000,000,000 units of Irredeemable Non-Cumulative Convertible Preference shares of N0.50 each at N9.50 per share in favour of First Inland Bank Plc were admitted… Read more ›

Change of Name

The name of PlatinumHabib Bank Plc was changed to Bank PHB Plc on Tuesday, March 10, 2009 as advised by the Board of Directors… Read more ›

Supplementary Listings

There were three supplementary listings during March compared to two in the preceding month. The details are shown in Table 6 below:… Read more ›