Stock prices, market indices in free fall

By Omodele Adigun

IT was another day of long knives at the Nigerian Stock Exchange (NSE) as bear­ish sentiments tossed share prices on a free fall just as the market indicators equal­ly took a plunge.

At the close of business Wednesday, 37 equities fell into the losers chart, leav­ing only eight on the gain­ers table. This caused the All Share Index to shrink to 26,910.23, from 27,883.16, and market capitalisation to N9.242trillion, from N9.501 trillion recorded the previ­ous day.

Meanwhile, as part of activities marking the 10th anniversary of Yello Care, MTN employees across the nation are expected to spend the next 21 days dedi­cating their resources and time to supporting educa­tion initiatives in their local communities.

A statement from the company says they will set up a Learning Resource Centre; a Train the Teacher initiative also would be con­ducted in Lagos and Owerri, providing an introduction to basic computer skills and general soft skills. In addition, the team will do­nate educational and digital learning materials to identi­fied school libraries which cater to under-served com­munities.

Commenting on the pro­gramme, Amina Oyagbola, its Corporate Services Ex­ecutive, said: “We are very excited and proud to mark this important 10-year milestone. As an organisa­tion, we owe a great deal of gratitude to our employees, who have ensured that this campaign continues to be a success. Owing to their ded­ication and selflessness, they come out in numbers every year, armed with loads of passion, a Can-Do attitude and unwavering commit­ment to uplift their commu­nities”

The statement adds: “The programme has made a significant impact in com­munities where we operate, since its launch in 2007. Col­lectively, almost 95, 000 em­ployees have participated in Yello Care over the years.”