February 26, 2021/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 0.74% to close at 39,799.89pts. In the same vein, the Index shed 0.96% WTD. Similarly, market breadth index was negative with 17 gainers and 24 losers. LASAC0 (+9.82%) led the gainer’s chart today, while WEMABANK (-10.00%) was the top loser. […]
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MIDDAY UPDATE: Nigerian Stocks Dip -0.22% on Losses Across Sectors
February 26, 2021/InvestmentOne Update ASI as at 12.00pm: -0.22%. Market movers: SUNUASSUR (-9.59%), NEIMETH (-8.99%), CAVERTON (+6.38%) and UCAP (+2.33%). Sector Performances: Banking (-1.08%), Oil & Gas (-0.25%), Industrial (-0.22%), and Consumer Goods (-0.05%). Market activity: In today’s early trade, total volume and value decreased by 33% and 32% respectively […]
Free Float Deficiency: NSE Says Three Shareholders Undertake to Sell Down 25% Shares in Ellah Lakes
February 25, 2021/NSE Following discussions with The Nigerian Stock Exchange (NSE or The Exchange), on the lack of liquidity in the shares of Ellah Lakes Plc (“Ellah Lakes” or “the Company”), due to the Company’s free float that currently stands at 14.55% with a value of N1,236,333,070.75, three major shareholders […]
