Volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday improved by 77.38 per cent as 422.45 million shares worth N3.25 billion were traded in 3,618 deals. The News Agency of Nigeria (NAN) reports that this was against 238.16 million shares valued at N5.49 billion traded in 4,162 deals on Thursday. Unity Kapital was the most active stock, accounting for 231.41 million shares worth N115.71 million. Access Bank had a turnover of 39.82 million shares valued at N403.34 million, while Fidelity Bank traded 17.15 million shares worth N22.35 million. Guaranty Trust Bank sold 11.94 million shares valued at N485.67 million, while Diamond Bank traded 9.55 million shares worth N11.52 million. The All-Share Index appreciation marginally by 70.60 points or 0.19 per cent to close at 36,646.46 against 36,575.86 achieved on Thursday. Similarly, the market capitalisation, which opened at N12.606 trillion, rose by N25 billion or 0.20 per cent to close at N12.631 trillion. International...
By Bukola Idowu, Lagos The Debt Management Office (DMO) has in the past five months raised N5.15 billion through federal government’s savings bond which it launched in March this year. This is even as it has set out to raise N135 billion through the FGN Bonds this month. In an offer circular issued yesterday, the DMO said the bond auction which will hold on August 23, 2017 will be reopening of the 14.50 per cent FGN July 2021, 16.2884 per cent March 2027 and 16.24399 per cent April 2037 bonds. It said it plans to raise N35 billion from the five year bond and N50 billion each from the 10 and 20 year bonds. Despite the rising yields on the FGN Savings Bond interest in the debt targeted at small scale retail, investors have been waning since its debut in March this year. From over N2 billion raised at its debut auction in March, the...
 by OLUSHOLA BELLO,   Activities on the equities market on the Nigerian Stock Exchange (NSE) for the seventh consecutive day, yesterday sustained bullish run with the All-Share Index (ASI) rising by 0.38 per cent to cross the 38,000 mark. In summary, the All Share Index gained 144.46 absolute points, representing a loss of 0.38 per cent to close at 38,144.02 points. Similarly, the market capitalisation increased by N50 billion,  to close at N13.147 trillion. The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Nestle, Guinness, Presco, PZ Industries and Dangote Flour. Market breadth was negative, with 21 gainers versus 23 losers. Guinness recorded the highest price gain of 10.23 per cent, to close at N87.50 per share. Jaiz Bank followed with a gain of 10 per cent to close at 88 kobo, while Nahco gained 9.97 per cent,  to close at N3.75 per share. Dangote Flour appreciated ...