Nigerian stock market improves by 0.08%

Nigerian stock market improves by 0.08%

Thursday, October 27, 2016 12:07 am

Dealers at the Nigerian Stock Exchange

Dealers at the Nigerian Stock Exchange


The market indicators of the Nigerian Stock Exchange (NSE) on Wednesday recorded a marginal growth of 0.08 per cent, halting a two-day negative trend.


The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 21.87 points or 0.08 per cent to close at 27,120.39 compared with 27,098.52 recorded on Tuesday.


Also, the market capitalisation which opened at N9.307 trillion inched N8 billion or 0.08 per cent to close at N9.315 trillion.


An analysis of the price movement showed that Unilever led the gainers’ table, gaining N2.11 to close at N48.01 per share.


Nigerian Breweries followed with a gain of 50k to close at N146 and Beta Glass also rose by 50k to close at N31.50 per share.


E-tranzacts advanced by 47k to close at N5.12, while Dangote Sugar appreciated by 28k to close at N6.50 per share.


Conversely, Forte Oil recorded the highest loss to lead the losers’ chart, shedding N3.80 to close at N423.50 per share.


Nestle trailed with a loss of N2.05 to close at N797.95, while Julius Berger declined by N2 to close at N38 per share.


UACN lost 97k to close at N18.43 and CAP shed 18k to close at N3.50 per share.


Also, the volume of shares transacted closed higher with an exchange of 159.99 million valued at N1.74 billion achieved in 2,396 deals.


NAN reports that this was against the turnover of 113.49 million shares worth N1.23 billion traded in 2,435 deals on Tuesday.


FBN Holdings drove the volume, having accounted for 53.81 million shares worth N161.45 million.


It was followed by Unilever with 14.29 million shares valued at N685.72 million, while Transcorp sold 11.55 million shares worth N11.58 million.


United Bank for Africa traded 11.29 million shares valued at N47.43 million and investors staked N63.22 million on 11.19 million shares of Access Bank. (NAN)

Gunmen kidnap LG vice chairman in Zamfara


October 26, 2016 4:21 pm by abubakar.ahmed – Nigeria





By Abubakar Ahmed

Anka (Zamfara), Oct. 26, 2016 (NAN) The Vice Chairman of Anka Local Government Area in Zamfara, Alhaji Yahuza Ibrahim, has allegedly been kidnapped.


The Chairman of the council, Alhaji Mustapha Muhammad, disclosed this to newsmen in Anka on Wednesday.


Muhammad, who was in tears, said he received the report of the incident from the victim’s home village, Wiya, in the early hours of Wednesday.


He said eye witnesses from Ibrahim’s village said gunmen drove into the settlement on Tuesday night and fired gunshots into the air before they took away the vice chairman.


He said shortly after he received the report, he got a phone call from a hidden number in which a male voice spoke to him in Hausa language and asked for a ransom of N5 million to facilitate the safe release of the victim.


“It was then that we realised that the kidnap was real and had been carried out by bandits who hide in the nearby bushes,” the chairman said.


He said he had already reported the matter to the state government as well as all security agencies in the state.


The Police Public Relations Officer (PPRO) in the state, DSP Muhammad Shehu, however, said he could not confirm or deny the report because he was on his way back to the state from a trip. (NAN)


Edited by Abdullahi Yusuf

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