In the shopping and selling week ended Friday February 14, the Nigerian Substitute Minute (NGX) All-Part Index (ASI) and equities market capitalisation appreciated by 2 percent and a pair of.78 percent to conclude the week at 108,053.95 and N67.418 trillion respectively.
Sixty-5 equities appreciated in designate all thru the overview week, greater than 58 equities within the preceding week. Thirty-one equities depreciated in designate, lower than 34 within the preceding week, while 54 equities remained unchanged, lower than 58 recorded within the preceding week.
All assorted indices done the overview week greater with the exception of NGX Foremost Board, NGX Banking, NGX AFR Financial institution Fee, NGX AFR Div Yield, NGX MERI Increase, NGX Person Goods and NGX Oil and Gas which depreciated by 0.seventy nine percent, 0.24 percent, 0.39 percent, 1.26 percent, 1.03 percent, 3.63 percent and a pair of.30 percent respectively while the NGX Sovereign Bond index closed flat.
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The NGX notified shopping and selling licence holders that additional 9,673,336,214 ordinary shares of 50 kobo every of Zenith Financial institution Plc had been on Monday, February 10, 2025, listed on the Day-to-day Official Listing of Nigerian Substitute Minute (NGX).
The additional shares listed on NGX arose from Zenith Financial institution Plc’s hybrid provide of Rights Mission of 5,232,748,964 ordinary shares of 50 Kobo every at N36 per share (The Rights Mission modified into once 100 percent subscribed) and Offer for Subscription of 4,440,587,250 ordinary shares of 50 Kobo every at N36.50 per share (the Public Offer modified into once 160.47 percent subscribed).
With this itemizing of the additional 9,673,336,214 ordinary shares of 50 kobo every the total issued and completely paid-up shares of Zenith Financial institution Plc has now increased from 31,396,493,786 to 41,069,830,000 ordinary shares of 50 kobo every.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a inventive disclose author with over 18 years journalism trip writing on banking, finance and capital markets. The a number of awards worthwhile journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo Remark University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-linked trainings alongside with (i) Developed Writing and Reporting Abilities (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, Unique Delhi, India); and (iii) Capital Markets Construction and Regulations (Global Regulation Institute {ILI} of Georgetown University, Washington DC, USA).
