|Default filing: Stock Exchange suspends trading in 17 companies. Vanguard Online
The Nigerian Stock Exchange, NSE, has placed the shares of 17 companies on suspension for failing to file their various financial statements as at when due.
Most of the companies are in the insurance sector, and are also penny stocks.
The companies include African Alliance Plc, Equity Assurance Plc, Guinea Insurance Plc, Sovereign Trust Insurance, Goldlink Insurance, Great Nigeria Insurance, and Universal Insurance Company Plc. Others are Fortis Microfinance Bank Plc, Premier Paints Plc, Resort Savings & Loans Plc, African Paints Plc, Aso Savings and Loans Plc, Ekocorp Plc, Evans Medicals Plc, Omatek Ventures Plc, Union Dicon Salt Plc and Union Homes Savings & Loans Plc. Read more
20 stocks appreciate as market records marginal gain. Punch Online
The Nigerian equities market appreciated marginally by 0.16 per cent at the close of trading on Thursday after 20 stocks closed positive.
A total of 168.512 million shares valued at N3.627bn were traded in 3,536 deals.
The Nigerian Stock Exchange market capitalisation rose to N11.151tn from N11.133tn, as the All-Share Index closed at 32,354.78 basis points from 32,302.32 basis points. Read more