SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?

Magnartis Finance & Investment Limited

  • LOGIN
  • Home
  • About
    • About Us
    • Management Team
    • Directors
  • Services
    • Stockbroking
    • Portfolio Management
    • Corporate Finance
    • Advisory Services
  • Projects
  • Download
  • Contact
  • Open an account
  • Home
  • Unity Bank, Seplat, Sterling Bank, Others To Join NSE 30
  • Capital Market News
  • Unity Bank, Seplat, Sterling Bank, Others To Join NSE 30
 

Unity Bank, Seplat, Sterling Bank, Others To Join NSE 30

Unity Bank, Seplat, Sterling Bank, Others To Join NSE 30

by magna / Monday, 22 December 2014 / Published in Capital Market News

Unity Bank, Seplat Petroleum, Sterling Bank are set to join the NSE 30 as the Nigerian Stock Exchange (NSE) is on the verge of completing the year end review of it sectoral indices.

The review will witness the entry of some major companies and exit of others in NSE 30, NSE 50 and the five Sectoral Indices of the Exchange, which are NSE Banking, NSE Consumer Goods, the NSE Oil & Gas, NSE Industrial and NSE Insurance.

The composition of these indices after the review will be effective on January 1, 2015.

In the NSE 30 index, the likely incoming stocks are Seven Up Bottling Company, Seplat Petroleum, Unity Bank, Sterling Bank, and Mobil Oil Nigeria while the outgoing stocks are Total Nigeria, GlaxoSmithKline Consumer, Fidelity Bank, Ashaka Cement, and FCMB.

Seplat Petroleum, Beta Glass Company, Caverton Offshore Support Group, Ikeja Hotels are likely to join the NSE 50 index while WAPIC Insurance, Continental Reinsurance, MRS Oil Nigeria, Cement Company of Nigeria plc are exiting the index.

For the NSE Consumer Goods Index, incoming stocks are, DN Tyre & Rubber plc, Vono Products, Union Dicon Salt, and Northern Nigeria Flour Mills while Vitafoam Nigeria, Champion Breweries, National Salt Company Nigeria, and Dangote Flour Mills are exiting the index.

The NSE Banking Index will witness entry of Unity Bank, and Wema Bank while Skye Bank and Fidelity Bank exit.

The Law Union & Rock Insurance, Prestige Assurance, Linkage Assurance and Guinea Insurance are the likely entrants to the NSE Insurance Index; while Unity Kapital Assurance, Universal Insurance, Staco Insurance and Equity Assurance exit.

The NSE Oil & Gas Index will record new entrants like Seplat Petroleum, Japaul Oil, and Beco Petroleum Products, while MRS Oil Nigeria, Eterna, and Conoil exit.

 

Source : Leadership

About magna

What you can read next

2016: Year Of Promise For Solid Minerals Development
We were unlucky – Germany captain
Oil slide, consumer slowdown threaten cement firms

Market Capitalization

[visualizer id="161"]

Newsletter Subscription


 

About Us

Magnartis Finance & Investment Ltd (“Magnartis”) is a Dealing Member of The Nigerian Stock Exchange with expertise in Stockbroking and Trade Execution Services.

Download

  • FGN Savings Bond Subscription Form
  • Mandate For Ebonus
  • Cscs Clients Authorization Form For Change Of Bank
  • Cscs Client Bank Update Form
  • Account Opening Form KYC

Research

  • Daily Price List
  • Daily Market Summary
  • Weekly Market Summary
  • Special Reports

Contact Info

16, Boyle Street, Onikan, Lagos, Nigeria

Office Number:
01-4538066

E-mail:
info@magnartis.com

  • GET SOCIAL

© 2014 Magnartis Finance & Investment Limited. All Right Reserved

TOP