There is no week without event in this market. This particular week is special as it had the privilege to host the end of the 1st quarter of 2011. It also launches the month that will see the NSE with a new CEO and Nigeria elect its new leadership that will take over on May 29, 2011.
Thursday, April 7, 2011
Access Bank plc was incorporated as a limited liability company on 8 February 1989 and commenced business on 11 May 1989. It was converted to a public limited liability company on 24 March 1998 and its shares were listed on the Nigerian Stock Exchange on 18 November 1998. The bank was issued a universal banking license by the Central Bank of Nigeria on 5 February, 2001.
A bond is simply a type of loan taken out by companies, or a government. Investors lend a company money when they buy its bonds.
Coupon: This is the amount of interest due and the date on which payment is to be made. Where the coupon is blank, it can indicate that the bond can be a “zero-coupon,” a new issue, or that it is a variable-rate bond. The amount of interest paid to an investor (i.e. coupon payment) is calculated by multiplying the interest of the bond by its face value (i.e. The par value of a security, as distinct from its market value).
Friday, April 1, 2011
The NSE-ASI closed at 24,863.38 +1.98% (-4.7% in the previous week). Volume for the week was a cumulative 1.162 billion shares (1.102 billion shares in the previous week)
If you focused on the fact that the NSE-ASI barely brushed 25,000 and retreated, you might miss that the market was up for the week. The NSE-ASI closed at 24,863.38 +1.98% (-4.7% in the previous week). Volume for the week was a cumulative 1.162 billion shares (1.102 billion shares in the previous week).
A ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Also known as the "price-equity ratio".
A lower P/B ratio could mean that the stock is undervalued. However, it could also mean that something is fundamentally wrong with the company. As with most ratios, be aware that this varies by industry.
Forte Oil PLC formerly known as African Petroleum plc was incorporated on 11 December 1964. The Company is engaged in the marketing of petroleum products which is directed at four main market segments namely the automobile, industrial, aviation and marine markets. In addition, the company operates a lubricating oil blending plant.