Daily Market Updates
230512 Nigerian Stock Market dips by -0.12%; resumes southwards movement
Equity Market resumed downtrend after closing green in the previous session as sell pressure outweighed bargain hunting across board while market breadth closed depressed amid increased volume turnover.
Nevertheless, the key benchmark indices resumed downtrend as sentiments remained red, taking hits majorly from Medium CAP stock which was particularly driven by WAPCO while Small CAP stocks also contributed to the outlook recorded today due to continuous selling activities witnessed in Agriculture, Consumer Goods and Financial Services sectors.
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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.
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Corporate Earnings
OANDO declares N3.02b PAT in Q1 '12 result,(SP:N14.99k)
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Nigerian Economy & Money Market
Slower Economic Growth in Europe likely to impact Capital Inflows to Nigeria
Kenya's Ecobank gets $25 million capital injection
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Capital Market& Global Market
Facebook flotation faces probe amid bad forecast claims
Shareholders approve conversion of CSCS to public limited company
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On the Strategic Leadership for Senior Executives from Emerging countries programme, Professor Pawan Budhwar, Associate Dean Research, Aston Business School says ‘this programme will help participants to not only become aware about the rapidly changing global business context, but will also help them to develop competencies needed to both efficiently lead and organise businesses in the present challenging times.’ Registration for this programme may be made at http://goo.gl/slp3D
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Article
Facebook's IPO debacle: greed, hubris, incompetence …
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