Efforts by Nigerian Capital Market regulators to encourage indigenous firms list their shares on The Exchange, has yielded more results with the listing of the shares of Computer Warehouse Group (CWG) Plc on Friday November 15, 2013 on the daily official list of The Nigerian Stock Exchange (NGSE).

    With a seed capital of about N160,000 in 1992, the company received a valuation of N6.97billion in 2009 from Vetiva Capital for its private placement and the issue was oversubscribed with Private Equity firm Aureos Capital LLC taking up a major chunk, defying the depressed atmosphere of the global economic recession at that time.

    CWG seems to be on track to repeat this feat on its listing, at a target share price of N5.48 -just about doubling its private placement price of N3.40 in 2009 albeit in a very challenging environment characterised by significant slowdown in global economic progression.

     

    MARKET STATUS: OPEN

     

    loading...
    Gainers
    Decliners
    Volume
    UACN PROPERTY DEVELOPMENT1.43+10.00%15/04
    MORISON INDUSTRIES2.81+9.77%15/04
    N.E.M. INSURANCE10.40+8.90%15/04
    GREENWICH ALPHA ETF988.88+8.08%15/04
    DAAR COMMUNICATIONS0.70+7.69%15/04
    FIDELITY BANK9.00-10.00%15/04
    JAIZ BANK2.05-9.69%15/04
    R T BRISCOE0.54-8.47%15/04
    GUARANTY TRUST HOLDING38.20-7.73%15/04
    UNIVERSAL INSURANCE COMPANY0.36-7.69%15/04
    UNITED BANK FOR AFRICA25.0042,253,58615/04
    TRANSCORP14.0027,562,32415/04
    ACCESS HOLDINGS18.5524,619,73315/04
    OANDO13.4022,661,87615/04
    FIDELITY BANK9.0017,533,94515/04

    🇳🇬 Nigerian Naira



    african indices

    BRVM-CI219.15+0.37%15/04
    BSE DCI9,089.89+0.02%15/04
    DSE ASI1,782.37-0.06%15/04
    EGX 3029,616.47+3.90%15/04
    GSE-CI3,504.23+1.82%15/04
    JSE ASI74,518.63-1.05%15/04
    LuSE ASI12,766.68-0.03%15/04
    MASI13,372.72+0.24%15/04
    MSE ASI115,647.68-15/04
    NGX ASI101,777.12-0.53%15/04
    NSE ASI110.58-0.05%15/04
    NSX OI1,551.69-0.27%15/04
    RSE ASI144.71-15/04
    SEM ASI1,971.97+0.24%15/04
    TUNINDEX9,025.18+0.14%15/04
    USE ASI1,060.28+0.67%15/04
    ZSE ASI99.24-1.15%15/04
    loading...
    Popular
    Latest