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Market reverses trend as index rises by 0.7%

By Udeme Ekwere Thursday, 23 Dec 2010 Activities in the stock market witnessed a trend reversal on Wednesday, after two straight days of bears’ dominance, to close positive. Specifically, the NSE‘s All-Share Index, which had lost 0.04 per cent to close the previous day at 24,410.97, increased by 0.73 per cent […]

Market capitalisation records N2.9tn year-to-date gain

By Gbenga Agbana Thursday, 23 Dec 2010 The market capitalisation of the Nigerian Stock Exchange rose by N2.91tn or 58.79 per cent from N4.95tn at the beginning of the year to close at N7.86tn on Wednesday. Also, the NSE’s All-Share Index, which measures the performance of the stocks listed in the […]

US stocks erasing loss since Lehman failure

By Agency Reporter Thursday, 23 Dec 2010 The advance that lifted the Standard & Poor‘s 500 Index above its level before the collapse of Lehman Brothers Holdings Incorporated in September 2008 is an encouraging sign for bulls, technical analysts have said. Bloomberg News reported on Wednesday that the benchmark gauge for […]