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Daily Market Updates

030412: Equity Market closes green to halt bearish trend; records +0.96% gain

Trading activities on the Nigerian bourse closed positive to halt the seven trading days losing streak as the bulls re-appeared in style while market breadth closed impressive amid slightly improved volume turnover.

Nevertheless, the key benchmark indices retraced to close positive as sentiments turn green, taking supports majorly from Large CAP stock which was particularly driven by Zenith Bank while Medium CAP stocks also contributed to the outlook recorded today due to buying activities witnessed in Conglomerates and Financial Services sectors.

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Regulators & People

The Nigerian Stock Exchange: Reminder on Quarterly Rendition to NSE

BGL Securities Limited: Change in Directorate

BETA Glass Plc: Appointment of New Managing Director

Nigerian Economy & Islamic Banking

Islamic bank earmarks $2bn for Jonathan’s transformation agenda

Kano State takes the Lead, Gov Abolishes Security Votes
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Financial innovation: The FDA approach to regulation

Investors NewsBeat

Earnings Flash: Ashaka Cement Plc - FY ended 31st December, 2011

Vono Products Plc: Change of Financial Year

Greenwich Securities Limited: Notification of Relocation

UBA Stockbrokers: Notification of Relocation

Morison Industries Plc: Appointment of External Auditors

Julius Berger Nigeria Plc: Appointment of New Director

De-Lords Securities Limited: Notification of Change of Address

MRS Oil Nigeria Plc: Proposes 75 kobo Dividend

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Corporate Earnings

DIAMOND Bank Plc declares N4.9 billion PAT in 2012 Q1 Result

AG Leventis rewards investors with 14 kobo dividend in '11 Audited result.


Morison Industries Plc declares N26.1 million loss in '11 Audited result.

Japaul Oil & Maritime Plc rewards investors with 2 kobo dividend in '11 Audited result.


Berger Paints Nigeria Plc declares N250.2 million PAT in '11 Audited result.

Ashaka Cement Plc rewards investors with 40 kobo dividend in '11 Audited result.

Tantalizers Plc rewards investors with 2 kobo dividend in '11 Audited result.

Multiverse Resources Plc declares N25.6 million PAT in '11 Audited result.


eTranzact International Plc declares N2.2 billion Turnover in '11 Audited result.

Smart Products Plc declares N7.4 million PAT in '11 Audited result.


Chams Plc declares N1.2 billion Loss in '11 Audited result.

Lasaco Assurance Plc declares N128.2 million PAT in '11 Audited result.

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