Exchange Explains Delay in Market Opening

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July 18, 2011
The Nigerian Stock Exchange (NSE) wishes to inform the stakeholders in the market, especially the investing public, that there was a delay in the commencement of trading activities on the Exchange today, Monday 18th July, 2011 as the market opened at 11.30 am as against the normal 9.30am.
The delay was as a result of problems encountered by one of the storage facilities of the Exchange. The Exchange engineers were able to solve the problem as they switched over to redundant storage system, validated its stability and restored the market at 11.30 a.m. Trading activity had commenced simultaneously in all the branches across the country.
For the market to have its normal five-hour trading period, the market will close at 4.30 pm today.
The Exchange wishes to assure market stakeholders, especially investors that it will continue to be transparent in its activities, as it works to ensure market stability at all times.
Wole Tokede
Senior Manager
Corporate Communications
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