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NSE-ASI index rises further by 1.3 per cent

By Bukky Olajide
01 October 2015   |   3:40 am
The equities market closed yesterday on a positive note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] appreciated by 1.27 per cent to close at 31,217.77basis points, compared with the 0.20 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 9.92 per cent.

STOCK-NIG-Copy • Registrars to commence use of e-dividend portal
The equities market closed yesterday on a positive note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] appreciated by 1.27 per cent to close at 31,217.77basis points, compared with the 0.20 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 9.92 per cent.

Market breadth however closed negative as Honeyflour led 22 gainers against 26 losers topped by Redstarex at the end of yesterday’s session- an improved performance when compared with previous outlook.

Market turnover also closed negative as volume declined by 41.10 per cent against 165.89 per cent surge recorded in the previous session. Access, Trippleg and Custodyns were the most active to boost market turnover. Nigerian Breweries and Wapco topped market value list.

Volume shockers included Equity Assurance which led the list of active stocks that recorded impressive volume spike at the end of yesterday’s session.

Meanwhile, the Security and Exchange Commission has instructed Registrars in Nigeria to commence payment of dividends in Nigeria via the e-dividend portal. SEC made this pronouncement via a press release on its website. It is hoped that this latest press release will help reduce incidences of lost and unpaid dividends.

For seamless integration and use of the portal, Registrars are advised to contact the Nigerian Inter-Bank Settlement System [NIBSS] for the required integration requirements and access rights to the portal and any further clarifications required towards a smooth operation of the new system.

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