Trading on the Nigerian Stock Exchange closed on a negative note on Tuesday as the All Share Index declined by 0.95 per cent to close at 28,102.14 points from 28,370.32 on Monday while market capitalisation also dropped from N9.757 trillion to N9.665 trillion.
Ecobank recorded the highest gain of the day with N0.84 gain or 5 per cent to N17.64 followed by Fidelity Bank with a gain of N0.07 or 4.83 per cent to close at N1.52 followed by Livestock that gained N0.06 or 4.51 per cent to close at N1.39 per share.
On the other hand, Stanbic IBTC topped the losers’ chart with N1.53 loss or 9.26 per cent to close at N15.00 followed by Unity Bank that lost 0.10 or 8.93 per cent to close at N1.02 per share, and Nigerian Breweries that lost N6.46 or 5 per cent to close at N122.74 per share.
All together, a total of 195,969,167 shares worth N1,892 billion exchange hands in 2,975 deals.
Meanwhile,the Board of Trustees of the Investors’ Protection Fund of the Nigerian Stock Exchange has appointed Mr. L. Fubara Anga as the Chairperson of the Board of Trustees following the sad demise of its previous Chairperson, Mr. Gamaliel O. Onosode, OFR. The Board will continue to remember Mr. Onosode for his exceptional leadership, invaluable contribution, wealth of knowledge and excellent service to the Investors’ Protection Fund (IPF).
Mr. Lawrence Fubara Anga, a partner at AELEX, a leading commercial and litigation law firm, joined the IPF Board of Trustees in September 2012. Hehas a strong multi-disciplinary background in law, economics, management and fiscal policy and is qualified to practice law in Nigeria, England and Wales and in Ghana.
Mr. Anga was a contributor to the chapter on Nigeria for the Harvard Securities Project and Chairman of the CBN SMIES policy guidelines review committee. He is a past Chairman of the Capital Market Solicitors Association and a member of various ad-hoc committees established by the Ministry of Finance and the Securities and Exchange Commission. He was a past member of the Presidential Policy Advisory Committee where he was a member of the sub-committee on finance and investment. He appears as counsel before all superior courts of record in Nigeria and Ghana and has acted as a party appointed Arbitrator on several arbitration panels. He is a Fellow of the Chartered Institute of Taxation