Profit Taking Persist In The Nigerian Bourse; ASI Down 0.75%
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The bench mark- All Share Index (ASI) opened the week on a negative note by -0.75% to close at 34,774.08 points.
1M | 3M | YTD | 1Y | 2Y |
+1.70% | -4.31% | +33.81% | +66.46% | +93.15% |
Value Traded (Mln NGN) 9,887.52 |
Volume 509,767,991 |
Transactions 7,966 |
Market Cap. (Bln NGN) 56,552.66 |
The bench mark- All Share Index (ASI) opened the week on a negative note by -0.75% to close at 34,774.08 points.
The Nigerian Stock Exchange has announced that a market-wide circuit breaker kicked in today, Thursday, November 12, 2020, at 12:55p.m, when the NSE All-Share Index (NSE ASI) rose beyond the set threshold of 5%, triggering a 30-minute trading halt of all stocks. This was the first time that the circuit breaker had kicked in since its introduction in 2016.
Transcorp Consortium (TRANSCORP) announced the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited, at an acquisition cost of N105.3bn.
The Nigerian Stock Exchange (NSE) has delisted the entire 4,296,330,500 outstanding ordinary shares of Law Union and Rock Insurance Plc (LAWUNION) from the exchange. The delisting followed the conclusion of a scheme of arrangement in which Kanuri LUR Limited acquired all the entire issued shares of Law Union and Rock Insurance Plc.