• Thursday, April 18, 2024
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Market up 0.70% as stocks rise further

Stock market sees first gain this week

… C&I Leasing notifies investing public of delay in filing FY’23 result

Nigeria’s equities market opened this week’s trading on a positive note, rising by 0.70percent at the close of trading on Monday, March 11.

Read also: Stock market rises by 2.61% in one week

Investors interest in shares of Dangote Sugar Refinery, NASCON, Wema Bank, NEM and Honeywell Flourmills helped to push the market further high.

Nigerian market stock has risen this year by 36.47 percent, while this month it is up by 2.06percent, according to trading data

Dangote Sugar Refinery share price increased from N55.65 to N61.20, adding N5.55 or 9.97 percent.

Also, NASCON rose from N52.40 to N57.60, up by N5.20 or 9.92percent, while Wema Bank moved from N7.15 to N7.85, up by 70kobo or 9.79percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) increased from preceding trading day’s low of 101,330.88 points to 102,044.84 points, while the value of listed stocks increased N57.697trillion.

In 11,344 deals, investors exchanged 436,896,796 shares worth N17.099billion. GTCO, Transcorp, Access Corporation, UBA and NASCON were actively traded stocks.

C&I Leasing Plc notified Nigerian Exchange Limited and the investing public of a delay in the filing of its 2023 Annual Financial Statements.

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The delay, according to the company arises from obtaining approval of the Audited Financial Statements from our subsidiaries. “We had envisaged and made requisite plans in ensuring the approvals for filing were obtained before the NGX regulatory filing deadline of March 30, 2024. However, as of today, we have yet to obtain the mandate to proceed to consolidate the accounts and this may result in a delay.

“We understand the importance of prompt submission of the audited report to the exchange, and we pledge to file and make them available by April 30, 2024,” the company said.