Markets

NSE to Launch Issuers’ Portal

The Nigerian Stock Exchange (NSE) has concluded arrangements to introduce the first ever Issuers’ Portal in the Nigerian Capital Market known as X-Issuer. The new portal, which will be formally launched on Tuesday, March 26, 2013 at the MUSON Centre in Lagos, is one of a number of new regulatory initiatives of the NSE that will allow online information submission for enhanced interaction between the Exchange and listed companies.

The Capital Market: 2012 Performance Review

The Nigerian equities market (Nigerian Stock Exchange, NSE) started the year on a bearish note with the NSE All-Share Index (ASI) depreciating by 32.63 points or 0.15% and the market capitalisation dropping to ₦6.533 trillion. At the end of the year, the market recorded an impressive year-to-date (YTD) performance of 35.4% gain, hitting a 34-month high of 28,078.81 basis points up from 20.730.63 points recorded at the beginning of the year.

Performance of Dividend Paying Stocks on the Exchange

Fundamental approach in business reveals that investors value dividends paid from companies. They view this as income from stocks they invested in, considering the fact that investing in stocks is riskier than saving money in the bank. The nature of the risk involved has made investors to anticipate a higher average return on stocks to compensate for the greater uncertainty and chance of loss.

Stock Market Weekly Summary -March 08, 2013

A turnover of 1.93 billion shares worth ₦20.99 billion in 28,832 deals were transacted last week on the floor of The Exchange in contrast to a total of 2.28 billion shares valued at ₦24.63 billion recorded in the preceding week in 28,170 deals.

The Financial Services sector accounted for 1.51 billion shares valued at ₦13.53 billion traded in 17,688 deals. The Banking subsector of the Financial Services sector was the most active during the week (measured by turnover volume); with 1.07 billion shares worth ₦11.23 billion exchanged in 11,333 deals.

Stock Market Weekly Summary: March 01, 2013

A turnover of 2.28 billion shares worth ₦24.63 billion in 28,170 deals were transacted last week on the floor of The Exchange in contrast to a total of 2.48 billion shares valued at ₦22.82 billion recorded in the previous week in 32,471 deals.

The Financial Services sector was the most active during the week, contributing 67.70%, 58.52% and 55.59% to the total equity turnover volume, value and number of trades respectively in 1.54 billion shares valued at ₦14.42 billion.

Stock Market Weekly Summary: February 15, 2013

A turnover of 4.25 billion shares worth ₦23.18 billion in 39,391 deals were transacted last week on the floor of The Exchange in contrast to a total of 3.57 billion shares valued at ₦24.69 billion recorded in the previous week in 39,321 deals.

The Financial Services sector continued its dominance as the most active during the week, contributing 76.53%, 61.87%, 60.51% to the total equity turnover volume, value and number of trades respectively in 3.252 billion shares valued at ₦14.34 billion.

Daily Market Update –February 15, 2013

The Money Market
Despite the Treasury Bills cash credit of ₦195 billion yesterday, interest rates rose by over 2.00% due to the Bond Auction and WDAS settlements. Consequently, the secured OBB and overnight Funds traded at 14.00% and 14.25% respectively. FAAC meeting was concluded yesterday and market liquidity is expected to be boosted next week upon credit of FAAC funds and Bond maturities of ₦382 billion.

Treasury Bills Market

Daily Market Update –February 14, 2013

The Money Market
Market liquidity improved significantly due to the credit of T-bills maturities totalling ₦195billion. As a result, rates fell sharply by an average of 3.00%. Consequently, the secured OBB and overnight funds traded at 11.50% and 11.75% respectively. Market liquidity is expected to fall by the close of the week due to the Bond Auction and WDAS settlements.

Treasury Bills Market

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