The Nigerian Stock Exchange will start clearing and settlement of exchange-traded derivative products in the second quarter of next year as it … The Nation checks revealed that the hackers took over admin panel as markets opened on Monday. Nigerian Stock Exchange Stock market records new high as investors gain N299bn in one day By Peter Egwuatu The stock market Monday recorded a … Technical Feedback: whatsapp 08023469027 The Nigerian Stock Exchange powers the growth of Africa's largest economy and offers a comprehensive range of products which includes shares (equities), exchange traded funds (ETFs) and bonds, all of which can be bought and sold on The NSE. Meanwhile, investors traded a total of 1.505 billion shares worth N19.668 billion in 20,552 deals, compared with 1.955 billion shares valued at N22.978 billion that exchanged hands last week in 22,844 deals. Commenting on the stock market performance, analysts at said despite the heat in the socio-political landscape triggered by the degeneration of the #Endsars protests, they did not expect a material dent to investors’ appetite for stocks. Livestock Feeds and Fidson Healthcare Plc garnered 6.3 per cent and 6.2 per cent respectively. U.S. Economy Expands at Record 33.1% Pace After Covid-19 Plu... Flashback to 2018 Lira Crisis Fuels Calls for Emergency Hike, Boeing Brings Bond Sale on Heels of Downgrade to Junk’s Edge, ECB Signals December Stimulus Coming on New Virus Lockdowns, Brazil Keeps Low-Rate Guidance as Markets See Inflation Risk, U.S. GDP Day, WTO Race Roadblock, ECB Rates: Eco Day. The bourse is introducing futures trading to enable investors to hedge risks and boost investments in the market that’s gradually recovering from a slowdown triggered by the coronavirus pandemic and a slump in oil prices. Consequently, the Nigerian Stock Exchange (NSE) All-Share Index rose 0.13 per cent to close higher at 28,697.06. Other top price losers included: Royal Exchange Plc (8.0 per cent); May & Baker Nigeria Plc (7.6 per cent); LASACO Assurance Plc (7.1 per cent); Academy Press Plc ( 6.9 per cent); Cadbury Nigeria Plc (6.8 per cent) and Honeywell Flour Mills Plc (6.1 per cent). READ our Privacy-policy and cookie policy. Employees work on the trading floor at the Nigerian Stock Exchange (NSE) in Lagos, Nigeria in 2019. Nigeria Stock Exchange If you invested N 1,000,000.00 in Dangote Cement at the beginning of 2019, you now have N 874,316.00 Our goal is to point Nigerians to the direction of making money. Find Nigerian Stock Exchange News - Get the latest and breaking stock markets news including analysis and opinion on top stock markets stories “We have HACKED into the complete admin panel of the Nigerian Stock Exchange website! But bargain hunting on Thursday (+0.4 per cent) and Friday (+0.5 per cent) completely wiped off the losses and pushed the market into the green. The company will settle trade and counterparty risks for products including “index futures, single stock futures, FX futures, fixed income and commodities futures,” it said. We sometimes use case studies and today case study is Dangote Cement. In June authorities suspended trade on the main ZSE for a month, accusing it of complicity in illicit financial activities. Anonymous, a group of international ‘hacktivist’ group backing #ENDSARS protesters has hacked the Nigerian Stock Exchange website. The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional and retail investors to … International Breweries Plc led the price gainers with 18.2 per cent, trailed by Cutix Plc with 17.2 per cent. The Financial Services industry led the activity chart with 1.196 billion shares valued at N14.950 billion traded in 11,318 deals, contributing 79.4 per cent and 76 per cent to the total equity turnover volume and value respectively. Perelman’s Cosmetics Empire Revlon Hinges on Finishing Debt... Central counterparty to clear index, single stock futures, Bourse to establish fund for trade guarantee and settlements. Goddy Egene Zimbabwe has launched a second stock exchange to trade solely in foreign currency, state media reported Saturday, in a move aimed at luring external investors as the country grapples with a forex crunch. The market regulator said last year it will register a central clearing house to take on credit risks between parties in derivatives trading and also to help clear and settle deals. Have a confidential tip for our reporters? Oil Pares Losses After Plunging to Four-Month Low on Virus F... Lagarde Primes ECB for More Economic Stimulus, Gold Falls to One-Month Low as Haven Demand Shifts to Dollar. Zimbabwe is in the throes of its worst economic crisis in more than a decade with the government struggling to pay its workers. Ikeja Hotel Plc gained 9.9 per cent, just as Conoil Plc appreciated by 9.7 per cent. “We reiterate that pent up system liquidity and the hunt for alpha-yielding opportunities in the face of increasingly negative real returns in the fixed income market remain positive for stocks. Do NOT follow this link or you will be banned from the site. Before it's here, it's on the Bloomberg Terminal. By Itohan Abara-Laserian Lagos, Oct. 28, 2020 The Nigerian Stock Exchange (NSE) will be seeking members approval to undertake a listing by introduction at the … In fact, Wednesday’s sell-offs led to a decline of 0.8 per cent , which was the biggest loss since October 7, 2020. Consequently, the Nigerian Stock Exchange (NSE) All-Share Index rose 0.13 per cent to close higher at 28,697.06. Eterna Plc shed 8.9 per cent, just as Regency Assurance Plc depreciated by 8.30 per cent. The price movement chart showed that 28 equities appreciated lower than 35 equities in the previous week, while 35 equities depreciated in price, higher than 23 equities in the previous week. Although the NSE ASI appreciated, the value and volume of trades fell 14.4 per cent and 23 per cent in that order. The new bourse – based in northwestern Victoria Falls, the country’s premier tourism destination – marked “the foundation stone” for building the town into an “offshore financial hub”, said the minister. President Emmerson Mnangagwa, in power since a 2017 military coup that removed Robert Mugabe, blames the economic malaise on unnamed “detractors” and Western-imposed sanctions. Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter. The 153-member stock exchange is also looking to set up a settlement guarantee fund that it expects to grow rapidly. It will cater mainly for mining conglomerates and giant international corporates such as insurance giant Old Mutual. Conversely, Northern Nigerian Flour Mills Plc led the price losers with 9.8 per cent, trailed by Linkage Assurance Plc with 9.0 per cent. C/River National Assembly Caucus Sympathises With Victims of Hoodlums’ Attack, Preaches... Buhari: Nigeria’s Economy too Fragile to Bear Another Lockdown, #ENDSARS: Fundamental Lesson in Democratic Governance, The Placebo Of Curfews By Southern Governors, As Controversy Trails #EndSARS Lekki Tollgate Shooting, Catholic Bishop Faults Deployment of Soldiers to Lekki Toll, FEC Approves N4.5bn for Exams Papers Printing, FCT Roads, No Out-of-court Settlement With Pan Ocean Group, AMCON Insists, Hooligans, Political Marauders Pushing for Regime Change, Say Northern Govs. The market recorded gains in three out of the five trading days, lifting the equities capitalisation by N19.7 billion to close at N14.999 trillion, against the expectations that the tensed security situation that led to the imposition of curfew by some states, would dampen investors’ demand. Sorry, your blog cannot share posts by email. Known as the Victoria Falls Stock Exchange, the new market is a subsidiary of the Harare-based Zimbabwe Stock Exchange (ZSE) and will start trading on Monday, according to the state-run Herald newspaper. However, we advise investors to trade in only fundamentally justified stocks as the weak macro environment remains a significant headwind for corporate earnings,” analysts at Cordros Research said. Download Vanguard News App. “We saw an opportunity to work with the ZSE in creating a global platform for the trading of stocks in foreign currency, and to do it in a way that promotes foreign investment into Zimbabwe,” Finance Minister Mthuli Ncube was quoted as saying. The third place was the Consumer Goods, with a turnover of 77.588 million shares worth N1.928 billion in 3,461 deals. The Conglomerates industry followed with 97.167 million shares worth N269.045 million in 516 deals. Neimeth International Pharmaceuticals Plc gained 6.4 per cent. Equities investors ignored the violence and unrest in the country last week to increase their patronage of the market as they positioned ahead of the release of third (Q3) earnings by quoted companies. This Christmas season I had intended to engage in a critical investigation of religion given the powerful theological si... By Douglas Anele Because most of Chinweizu’s conclusions from the tragic experience of Dr. Izuogu are appropriate and in... Denrele Animasaun Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying a... 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