BY FESTUS OKOROMADU, ABUJA
The Nigerian Exchange Limited, on Friday, said the share capital of Courteville Business Solutions Plc has been delisted from its Daily Official List.
The NGX in its weekly market bulletin report said the development followed an earlier notice dated October 17, 2023 wherein it announced the full suspension of trading in the securities of the company in preparation for the delisting.
“Following the approval of the Company’s application to delist its entire issued share capital from the Nigerian Exchange Limited (NGX), please be informed that the entire issued share capital of Courteville were on Friday, 10 November 2023, delisted from the Daily Official List of NGX,” the report stated partly, stressing that, “This is for your information and records update.”
This is as the Exchange also admitted a new equity, MeCure Industries Plc on the Entry Segment of its Growth Board on Tuesday, November 7 2023.
According to the weekly bulletin, the entire issued and fully paid 4,000,000,000 Ordinary Shares of 50 kobo each was listed at N2.96 per share.
Meanwhile, the Lagos bourse closed the week ended November 10, 2023 in positive territory as its index recorded a modest gain of 0.04 percent to close at 70,849.38 points, marking a whole week of bullish market activity.
As a result, the year-to-date gain climbed to 38.24 percent, as the bulls consisting of 33 stocks outweighed the bears numbering 13 stocks on Friday.
Investors’ interests in ACCESSCORP, ETI and FCMB which advanced by 0.29 percent, 3.23 percent and 9.38 percent respectively, offset selloffs in GTCO, DANGSUGAR and UBA to keep the market in the positive terrain.
Having gained in all five trading sessions during the week, the NGX All-Share Index closed 0.94 percent higher week on week (w/w), as the NGX year-to-data (YTD) return rose to 38.25 percent, while market capitalization gained N370.80 billion w/w to close at N38.93 trillion.
Analysis of trading activities for the week shows that a total turnover of 2.525 billion shares worth N45.297 billion in 32,815 deals were traded during week under review by investors on the floor of the Exchange, in contrast to a total of 2.451 billion shares valued at N40.570 billion that exchanged hands last week in 37,959 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.677 billion shares valued at N28.776 billion traded in 14,655 deals; thus, contributing 66.44 percent and 63.53 percent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 407.350 million shares worth N1.651 billion in 3,273 deals.
The third place was the ICT Industry, with a turnover of 120.200 million shares worth N7.255 billion in 2,912 deals.
Trading in the top three equities namely Japual Gold and Venture Plc, FBN Holdings and United Bank for Africa Plc (measured by volume) accounted for 1.030 billion shares worth N14.138 billion in 5,263 deals, contributing 40.80 percent and 31.21 percent to the total equity turnover volume and value respectively.
Thirty seven equities appreciated in price during the week lower than 63 equities in the previous week.
Forty three equities depreciated in higher than 29 in the previous week, while 75 equities remained unchanged, higher than 64 recorded in the previous week.
