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Daily Market Updates

280512 All-Share Index retraces by -0.24% to open the week pessimistic

Equity Market resumes downtrend to open the first trading day of the week negative after recording a marginal gain in the previous session as selling activities outweighed bargain hunting amid negative volume turnover and Naira votes while market breadth also closed depressed as against previous stance.

Nevertheless, the key benchmark indices resumed downtrend as sentiments turned red, taking hits majorly from Large CAP stock which was particularly driven by Nigerian Breweries while Small CAP stocks also contributed to the outlook recorded today due to continuous selling activities witnessed in Agriculture, Industrial Goods and Oil & Gas and Services sectors.

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Starcomms Confirms role of ACTIS, ECP and Chapel Hill Denham
1. Explanation of what a Transfer Agent is
2. STARCOMMS RAISES N64bn THROUGH PRIVATE PLACEMENT
3. Screenshots of Starcomms-ACTIS-ECP Statements
4. Screenshots from STARCOMMS showing Chapel Hill’s Role as Transfer Agents

Chapel Hills’ 2009 Response to Initial Allegations on Starcomms Offer

A row is brewing in the community of investors, especially, among those that bought into the private placement of Starcomms Plc last year. At the centre of the uproar are two issuing houses to the shares of Starcomms Plc, Chapel Hill Denham and Stanbic-IBTC.

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RELATED STORY
The STARCOMMS PLC Private Placement Exposed - The Petition
Starcomms: What happened to Circle TEL for which the NCC gave the PP approval?
Starcomms Plc: The SEC Approved list of 43 Allottees

MARKET SURVEY/PROMO

Readers are invited to share their views on the Nigerian Capital Markets for publication on Proshare later in 2012 and receive an exclusive offer for the upcoming executive development programme.

To receive this offer simply complete The Capital Markets Academy’s survey here: http://svy.mk/H2pupi.

Corporate Earnings

FIDELITYBK declares N3.4b PAT in Q1 '12 result,(SP:N1.33k)

NIGWIRE releases Q3, Q2 & Q1 '11 with N51.1m Net loss in Q3 '11 result,(SP:N2.58k)

FORTE OIL declares N304.4m PAT in Q1 '12 result,(SP:N10.98k)

MRS declares N123.3m PAT in Q1 '12 result,(SP:N36.50k)

NSLTECH declares N29.3m loss in Q1 '12 result,(SP:N0.73k)

Bonds & Global Market

The Nigerian Bond Watch @ 280512 – DLM

Ireland's oldest stockbroking firm ordered to cease trading

Regulators & Frauds & Scandals

Central Bank Bars Banks from Recapitalising African Subsidiaries

Losing faith in the judicial system as bank executives evade trial

Investors Newsbeat & People

Continental Reinsurance Plc declares 8 kobo dividend in 11 Audited result

Oando to Acquire 40% Stake in Qua Iboe Field

Entrepreneurs: Don't Forget Your Personal Finances

Reports

Starcomms Confirms role of ACTIS, ECP and Chapel Hill Denham

The Nigerian Bond Watch @ 280512 – DLM

Proshare WTV

Samir Gadio on "the Impacts of the Eurozone Crisis on the Nigerian Economy"-230512	Morgan Capital petitions Capital Market Probe on Starcomms 2008 Offer (Part One) - 280512	Morgan Capital petitions Capital Market Probe on Starcomms 2008 Offer (Part Two) – 280512

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