Nigerian Stock Exchange
Staffers and shareholders of Med-View Airlines Plc may be in for more difficult times, as the airline has shut down flight operations. The blackout, as observed Monday, was not unconnected with the airline's only operating aircraft, B737-500, suddenly going out-of-service.
Prevailing economic downturn has continued to trigger persistent fall in share prices of listed firms, as share prices of most bluechip companies quoted on the Nigerian Stock Exchange (NSE), hit 10-year low under the current financial year.
At the close of transactions last week, the All-Share Index (ASI) and market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by 1.17 per cent to close the week at 27,306.81 points and N13.307 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE Industrial Goods index, which appreciated by 1.32…
Following renewed bargain-hunting in the shares of some companies, especially Dangote Flour, and BOC Gases, transactions on the Nigerian Stock Exchange (NSE), reopened bullish, as market capitalisation increased by N19 billion to close at N13.484 trillion.