Connect with us

Nigerian Stock Exchange

Nigerian Exchange Group Commemorates 60 Years of Enabling Africa’s Largest Economy

Published

on

Nigerian Exchange Group at 60 - Investors King

Nigerian Exchange Group (NGX Group or the Group) Plc today celebrates 60 years of enabling Africa’s largest economy as a leading integrated market infrastructure group in Africa. The Group officially commenced operations on 25 August 1961, as the Lagos Stock Exchange, after it was founded on 15 September 1960.

In commemorating the Diamond jubilee milestone, the Group Chairman, NGX Group Plc, Otunba Abimbola Ogunbanjo paid glowing tribute to the original subscribers of the articles of association, who included R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; Sir. Odumegwu Ojukwu; Mr. Akintola Williams and Alhaji Shehu Bukar, as well as John Holt Ltd and Investment Company of Nig. Ltd. (ICON). He stated, “We celebrate the vision of these seven individuals and organisations, who in the Nigerian spirit, broke new ground in starting the Exchange, and we are proud of our sterling history over these six decades. From our humble beginnings when only 19 securities were listed for trading, we are now demutualised and we trade over 300 securities worth about 35 Trillion Naira.”

Appreciating the contributions of the capital market ecosystem, the Group Managing Director/Chief Executive Officer, NGX Group, Mr. Oscar N. Onyema, OON, stated, “We must thank our invaluable stakeholders who have contributed to six decades of growth and partnership. To the trading license holders, issuers, regulators, government and its agencies, media, and other stakeholders, we recognise your support and reiterate our commitment to building a market infrastructure group that supports your business objectives across the entire value chain for many years to come.”

He further commented on the Group’s efforts to build on the existing legacy. “In consonance with the innovative spirit of our founding fathers which has continued to drive our operations, demutualisation has allowed us to transition into a profit-driven, shareholder-held, and globally competitive organisation. Building on six decades of growth and partnership, NGX Group of companies is now positioned to be a key player in strengthening our competitiveness on a larger scale. Our recently launched campaign “The Stock Africa Is Made Of” further encapsulates our commitment to fulfilling the dreams of our founding fathers not only in Nigeria but also in Africa.”

It would be recalled that NGX Group recently refreshed its brand identity in an official launch event headlined by the President of the Federal Republic of Nigeria, His Excellency Muhammad Buhari (GCFR). NGX Group’s new structure boasts three wholly-owned subsidiaries: Nigerian Exchange (NGX) Limited, the operating exchange with Mr. Temi Popoola, CFA as CEO; NGX Regulation (NGX RegCo) Limited, the independent regulation company with Ms. Tinuade Awe as CEO; and NGX Real Estate (NGX RelCo) Limited, the real estate company with Mr. Gabriel Igbeka as acting CEO.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Continue Reading
Comments

Nigerian Stock Exchange

Stock Investors Lose Another N11 Billion on Wednesday

Published

on

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) extended decline on Wednesday as sentiment remained weak across the Exchange.

Investors exchanged 155,773,059 shares valued at N1.510 billion in 3,256 transactions during the trading hours of Wednesday, in contrast to 184,442,908 shares worth N2.343 billion that exchanged hands in 3,809 transactions on Tuesday.

Market value depreciated by N11 billion to N20.243 trillion on Wednesday, further down from N20.254 trillion it closed on Tuesday. While NGX All-Share Index dipped by 0.05 percent to 38,852.69 index points.

Transcorp Hotel Plc led gainers with N0.45 or 10 percent. Followed by Pharm-Deko Plc’s N0.16 or 9.88 percent gain. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
TRANSCOHOT N 4.50 N 4.95 0.45 10.00 %
PHARMDEKO N 1.62 N 1.78 0.16 9.88 %
CONOIL N 22.35 N 24.55 2.20 9.84 %
CORNERST N 0.49 N 0.53 0.04 8.16 %
NEM N 1.90 N 2.00 0.10 5.26 %

Top Losers 

Symbols Last Close Current Change %Change
VERITASKAP N 0.23 N 0.21 -0.02 -8.70 %
UCAP N 9.00 N 8.55 -0.45 -5.00 %
CHAMS N 0.22 N 0.21 -0.01 -4.55 %
ACCESS N 8.90 N 8.60 -0.30 -3.37 %
JAPAULGOLD N 0.47 N 0.46 -0.01 -2.13 %

Top Trades

Symbols Volume Value
UNIVINSURE 19040500.00 3808100.00
UBA 18778552.00 143097682.80
ZENITHBANK 11757422.00 268830997.45
GTCO 10015581.00 271262745.25
UCAP 8519588.00 74569386.55

Continue Reading

Nigerian Stock Exchange

Stock Market Extends Decline Amid Profit-taking

Published

on

Stock - Investors King

The Nigerian stock market extended declines on Tuesday as selloff in the banking sector plunged investors’ wealth by N17 billion.

The Nigerian Exchange Limited All-Share Index depreciated by 0.08 percent to 38,873.85 index points, down from 38,906.42 index points recorded on Monday. While market value of listed equities dipped by N17 billion from N20.271 trillion on Monday to N20.254 trillion on Tuesday.

Investors traded 184,442,908 shares valued at N2.343 billion in 3,809 transactions during the trading hours of Tuesday, against 190,959,987 shares worth N2.353 billion in 3,462 transactions that exchanged hands on Monday.

In terms of volume traded, United Bank for Africa Plc led with 38994303.00 shares worth N297,640,689.80. GTCO followed with 19036730.00 shares valued at N517,862,116.20. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
MRS N 13.85 N 15.20 1.35 9.75 %
VERITASKAP N 0.21 N 0.23 0.02 9.52 %
REGALINS N 0.44 N 0.47 0.03 6.82 %
UNITYBNK N 0.53 N 0.55 0.02 3.77 %
COURTVILLE N 0.31 N 0.32 0.01 3.23 %

Top Losers

Symbols Last Close Current Change %Change
NEIMETH N 1.90 N 1.75 -0.15 -7.89 %
CHAMS N 0.23 N 0.22 -0.01 -4.35 %
JAPAULGOLD N 0.49 N 0.47 -0.02 -4.08 %
SOVRENINS N 0.25 N 0.24 -0.01 -4.00 %
WEMABANK N 0.79 N 0.76 -0.03 -3.80 %

Top Trades

Symbols Volume Value
UBA 38994303.00 297640689.80
GTCO 19036730.00 517862116.20
ZENITHBANK 14199218.00 326522432.45
UCAP 12887768.00 114176622.20
ACCESS 10083060.00 90170729.90

Continue Reading

Nigerian Stock Exchange

NGX to Host Inaugural TechNovation Conference

Published

on

Nigerian Exchange Group- Investors King

Nigerian Exchange (NGX) Limited is set to host the inaugural edition of its TechNovation Conference on Thursday, 30 September 2021.

NGX TechNovation Conference is a flagship event that provides a platform for local and global technology leaders to syndicate conversations around technology, partnerships and innovation that can advance technology adoption in the Nigerian capital market.

With the theme, “Technology, Platforms and Markets”, the event will be hosted by the Chief Executive Officer (CEO), Nigerian Exchange (NGX) Limited, Mr. Temi Popoola, CFA and will feature leading industry experts across the public and private sectors including the Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda; Dr. Segun Aina, President, Africa Fintech Network; and Olugbenga Agboola, Co-Founder and CEO, Flutterwave.

Key topics to be addressed during the conference are: The Future is Digital – Digital Transformation, New Tech and Emerging Markets; The Path to Exponential Growth – New Technology, Platforms, Emerging Markets, Data & Regulation; and Beyond Tech – Partnerships, Business Models and Innovation. Interested participants can register online.

Some of the other confirmed speakers at the event include; Iyin Aboyeji, Founder & General Partner, Future Africa; Bayo Adekanbi, Chief Transformation Officer, Data Science Nigeria; Dayo Obisan, Government Relations, SEC; Abasi Ene-Obong, CEO, 54Gene; Oremeyi Akah, Chief Customer Experience Officer, Interswitch; Ini Akpan, Country Manager, Opay; and Andreas Itern, Co-Founder & CEO, F10.

The advancement and exponential growth of technology around the world have signaled a new wave of opportunities for forward-thinking organizations. NGX remains committed to leveraging technology to provide a broad range of services including but not limited to smart capital formation. TechNovation will, therefore, serve as a platform that can create opportunities for smart business leaders looking to tap into the next level of growth and competitive advantage.

Continue Reading




Advertisement
Advertisement
Advertisement

Trending