GeneralMarket Update

Nigerian Equities Market Report-16/04/2018: NSE Sets to Sanction 31 Firms for Late AFS

Trading activities on the floor of The Nigerian Stock Exchange opened the week on a bearish note as the lead performance pointer NSEASI gave up 97Bpts of its trading points and rounded up trade at 40,533.37 from 40,928.70. It was a mixed performance amongst the observed market indices as shown in the index movement table. After today’s move, total points lost in the month of April shifted to 234Bpts. See the index movement table for details.

Value loss by the market capitalization of the listed equities during today’s trading activities was N132.799 billion, same as 97Bpts below the opening value.  Meanwhile, trading activities for the day produced 26 advancers and 20 lagers. NSEASI Year to Date gain is now 5.99% while the Market Capitalization Year to Date gain stood at N1.031 trillion same as 7.58% above the year’s opening value.

The Nigerian Stock Exchange (NSE) is set to sanction 31 listed firms for failing to meet the deadline for filing their Audited Financial Statements (AFS) for the year ended December 31, 2017. 20 were said to have missed Regulatory Fillings (MRF) while 10 in financial sector are awaiting approval of their primary regulators.

The defaulting firms as listed on the NSE X-Compliance report for the week ended April 13, 2018 include A.G Leventis Nigeria, African Alliance Insurance, Conoil, Cornestone Insurance, Diamond Bank, FBN Holdings, Fidelity Bank, Fortis Microfinance Bank, Great Nigeria insurance, Linkage Assurance, Meyer, Morison Industries, Multiverse Mining and Exploration and Mutual Benefit.

Others are Niger Insurance, Oando, Omoluabi Mortgage Bank, RT Briscoe, Royal Exchange, Skye Bank, Smart Products, Sovereign Trust Insurance, Staco, Standard Alliance, Sterling Bank, Equity Assurance, Union Bank, Unity Bank, VeritasKapital Assurance, Universal Insurance. Safe Trade.

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GeneralMarket Update

Nigerian Equities Market Report-16/04/2018: NSE Sets to Sanction 31 Firms for Late AFS

Trading activities on the floor of The Nigerian Stock Exchange opened the week on a bearish note as the lead performance pointer NSEASI gave up 97Bpts of its trading points and rounded up trade at 40,533.37 from 40,928.70. It was a mixed performance amongst the observed market indices as shown in the index movement table. After today’s move, total points lost in the month of April shifted to 234Bpts. See the index movement table for details.

Value loss by the market capitalization of the listed equities during today’s trading activities was N132.799 billion, same as 97Bpts below the opening value.  Meanwhile, trading activities for the day produced 26 advancers and 20 lagers. NSEASI Year to Date gain is now 5.99% while the Market Capitalization Year to Date gain stood at N1.031 trillion same as 7.58% above the year’s opening value.

The Nigerian Stock Exchange (NSE) is set to sanction 31 listed firms for failing to meet the deadline for filing their Audited Financial Statements (AFS) for the year ended December 31, 2017. 20 were said to have missed Regulatory Fillings (MRF) while 10 in financial sector are awaiting approval of their primary regulators.

The defaulting firms as listed on the NSE X-Compliance report for the week ended April 13, 2018 include A.G Leventis Nigeria, African Alliance Insurance, Conoil, Cornestone Insurance, Diamond Bank, FBN Holdings, Fidelity Bank, Fortis Microfinance Bank, Great Nigeria insurance, Linkage Assurance, Meyer, Morison Industries, Multiverse Mining and Exploration and Mutual Benefit.

Others are Niger Insurance, Oando, Omoluabi Mortgage Bank, RT Briscoe, Royal Exchange, Skye Bank, Smart Products, Sovereign Trust Insurance, Staco, Standard Alliance, Sterling Bank, Equity Assurance, Union Bank, Unity Bank, VeritasKapital Assurance, Universal Insurance. Safe Trade.

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