Stocks listed on the Nigerian Stock Exchange (NSE) last week appreciated by N197.06 billion as the market capitalisation closed at N14.94 trillion last week Friday up from N14.74 trillion recorded in the period week. This amounted to an increase of 1.34 percent week to date and 9.78 percent year to date.
Similarly, the All Share Index (ASI) added 430 points to close at 41,244.89 points last week as against 40,814.89 points as at the end of the previous week. By implication, week on week ASI appreciated by 1.05 percent while YTD it closed higher at 7.85 percent.
Meanwhile, NPF Microfinance Bank has declared a final dividend of 17 kobo per share for shareholders whose names are in the register of members as at the close of business on June 1, 2018. The payment date is June 28, 2018.
In another development, MRS Oil Nigeria has announced the resignation of John Ugochukwu, a non-executive director in the company. According to the company, his resignation was effective April 26,2018.
Equities gain N197 as Index rises by 1.05 percent
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