Morning Beats

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NSE moves to forestall price decline in newly listed entities
The Nigerian Stock Exchange, NSE, has commenced moves to curtail the usual free fall in the share prices of newly listed companies.Vanguard

Nigerian Stock Exchange halts losing streak on GSK, Japaul Oil gains
The three days losing streak on the Nigerian Stock Exchange, NSE, was halted today following the buy pressure on 29 entities led by GlaxoSmithKline, GSK Plc and Japaul Oil and Maritime Services Plc.Vanguard
Teleology Holdings pays $50m deposit for 9Mobile
Nigeria’s 4th telecom services provider, 9mobile, is set to have additional 50 percent workforce after new owners,Teleology beat the deadline to beat yesterday’s deadline, to pay the non-refundable $50million completion deposit,Vanguard

Nigeria capital market recovers, records 0.33% growth
Trading on the Nigerian Stock Exchange (NSE) on Thursday closed on a positive note after dropping for six consecutive days, with the All-Share improving by 0.33 per cent.Vanguard


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Nigerian Stock Exchange This Week

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The Market returned to its five days trading after the sallah break of last week. It wasn't a great week for the Market even as it climax the end of trading for the month of August.  The Market opened on a negative notes on Monday, however, made a bold return on Tuesday but to frizzle out for the rest of the week with a three days consecutive losses.  The All Share index lost in what seems to be the bear dominated week. The index was down  1.63% to close the week at 34,848.45. This brought the year to date return of the ASI to (8.88%) on the negative side of the number line. The bull had a larger share of the Market though, with a breadth of 3 in favour of the Bulls. However this is little to little to reflect on the overall Market as highly capitalized stocks shed weight.  EQUITY A total turnover of 1.533 billion shares worth N23.026 billion in 17,009 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 968.947 million shares
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