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THE impasse on the Zimbabwe Stock Exchange (ZSE) has spilled into 2009 with stockbrokers now advocating for the local bourse to be dollarised as investigations of alleged insider trading continue.
SA's gold and foreign exchange reserves rose 2,7% last month, boosted mainly by the effect of higher gold prices and weakness in the dollar, official data showed yesterday.
As all efforts to salvage the nation's capital market seem to have fail, the Nigerian Stock Market (NSE)'s Director General Ndi Okereke-Onyiuke and chief executive officers of stock-broking firms would be meeting in Lagos on Monday.
A further dip in share prices of most of the quoted companies across various sub-sectors yesterday dragged the equity indicators- market capitalisation of all listed equities and all share index down by 1.7 per cent.
The Nigerian stock market in the financial year 2008 lost over N5 trillion between March and December 2008 as a result of the world financial crisis.
WORLD markets fell sharply yesterday as a fresh wave of profit warnings and job cuts turned investor sentiment negative just days after a New Year rally gave hope that the worst was over.
WARNINGS of more severe job losses put the brakes on the New Year stock market rally yesterday as the bleak outlook for global economic growth and company earnings eclipsed a raft of stimulus packages and interest rate cuts around the world.
THE Managing Director of Lotus Capital Limited, Mrs. Hajara Adeola, has stressed the need for government and other stakeholders in the country to finance the country's economic development, especially infrastructure development and project finance with the use of Islamic financial products as opposed to the conventional modes of financing.
THE bearish trend in the Nigerian Stock Exchange (NSE) reached an alarming proportion Tuesday, as only 14 stocks recorded share price gains, forcing the total value of listed equities to drop by N180.4 billion. Of the 126 stocks that were traded on the NSE, 68 recorded share price depreciation while 44 remained unchanged.
MIRANDA Minerals Holdings' share price jumped 4% to 80c on the JSE yesterday after the company announced it had received its first mining right and would be able to start generating revenue within 18 months.
THE year started with subdued activity on the Uganda Securities Exchange. On Monday (January 5), the first day of trading, only sh31.9m was traded and the trend continued on Tuesday with sh21.3m worth of shares changing hands.
A foreign exchange crisis is looming over the economy as the Central Bank of Nigeria (CBN) suspended sales yesterday.
Global stock markets held onto New Year optimism yesterday even as the euro suffered fresh losses amid signs of Europe's deepening recession and a looming energy standoff with Russia drove up oil prices.
The Lagos State Government has scheduled more illegal structures erected around various markets in the state for demolition in its ongoing exercise of clearing the state of all environmental nuisances.
There were indications that activities on the over-the-counter market for trading in Federal Government stocks remained very active in the month of December, just like in the past, as investors continued to besiege the market in search of a less volatile and safe haven for returns and value preservation.
The curtain finally fell on the 2008 trading year on Wednesday December 31, thus bringing to a close a year when many investors regrettably agree is the worst yet, as against the situation at the same time of previous year when the same investors celebrated a year that unarguably unleashed the growth potentials of the same indicators.
UNCERTAINTY continues to stalk the Zimbabwe Stock Exchange as trading is yet to resume despite the local bourse having re-opened for business after the festive break.
Chukwuma Soludo, the governor of the Central Bank of Nigeria (CBN), is probably the luckiest Nigerian to manage the bankers' bank in the world's most populous black nation. He became governor at a time when the naira had plunged to N128 to the dollar in the official market while the exchange rate at the parallel market was anything from N140. The naira appreciated to N116.50 to the dollar under ...
Despite the financial meltdown that befell the Nigerian Stock Exchange, activities on the floor of the capital market recorded greater volume of shares traded in 2008 compared with the previous year.
THE bearish trend in the Nigerian Stock Exchange (NSE) continued yesterday, as the total value of shares dipped by N119.68 billion. The bears had staged a comeback on the first day of trading in 2009, after nine days of uninterrupted bull runs.
TURBULENT market conditions delivered a beating to the seven new mining companies listed on the JSE last year, with coal companies the most resilient and platinum companies hit the hardest.
In spite of the world economic crisis, the Tunis stock exchange has progressed by 10,7% in 2008 , the third best performance in the world, according to the French news agency AFP.
WORLD markets entered the new year on a positive note on hopes that governments would step up efforts to revive the global economy after equity prices suffered their largest falls on record last year.
The year 2008 will always be remembered by the banking industry as one of those years of turmoil and crisis. Whilst there were a lot of positive development in the industry during the year, the magnitude of the crisis which gripped the industry towards the end of the year, a fall- out of the global financial crisis, overshadows the effect of the positive development.
World stock markets have started this year on a positive note, while Nigerian stock market began slowly with investors losing N20.7 billion in their investments.
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