FTSE 100 ends just lower as pharma companies lift the major indices; US markets give up early gains
Companies
17:13 Wed 09 Jun 2021
FTSE 100 ends just lower as pharma companies lift the major indices; US markets give up early gains
The UK blue chip index closed in negative territory, with little inspiration from Wall Street
FTSE 100 down 14 points
US stocks mixed
12:10pm: Markets still largely hugging the flatline
The FTSE 100 closed Wednesday down 14 points, 0.2%, at 7,081, while the FTSE 250 lost 137 points, 0.6%, to 22,759. It has been another day where stock markets aren’t particularly keen to go up, and those that are in the red are only seeing some modest profit-taking, IG Chief Market Analyst Chris Beauchamp wrote. .European markets have shown a touch more downside, with the likes of the Dax slightly skittish sitting at record highs, in case the ECB meeting does prove to be more exciting than anticipated.
Proactive news headlines: Walls & Futures REIT, Sativa Wellness, Cornish Metals, Arecor Therapeutics.
A glance at some of the day s highlights from the Proactive Investors newswire
Walls & Futures REIT PLC (LON:WAFR), an ethical housing investor and developer, said it has joined P1 Investment Management s Net-Zero Carbon target as part of its Ethical Investment Policy rollout.
Seeing Machines Ltd (LON:SEE) said it has been appointed by software firm CAE Australia to integrate its precision eye-tracking technology for a customer in the Australian defence industry.
Ncondezi Energy Ltd (LON:NCCL) said Ncondezi Green Power, its renewable energy subsidiary, and Captive Power Ltd have signed a relationship agreement giving Ncondezi first refusal to fund up to US$5.5mln of commercial and industrial solar and battery storage projects in Mozambique.
Mary Nnah
The birth of the Nigerian Exchange Group (NGX) from what was hitherto known as the Nigerian Stock Exchange (NSE) has brought Nigeria to par with the global best practice.
Through what has been an eventful history, the Exchange, under Mr. Oscar Onyema, its GCEO, has eventually succeeded, despite all odds, in joining the global league of demutualised exchanges.
Scheduled to be launched soon, it has been a long journey from when the idea was first mooted to its achievement through the passage of the Demutualisation Act by the Nigerian National Assembly, and approvals by both the Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC).
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By Goddy Egene
President Muhammadu Buhari has described the demutualisation and transitioning of Nigerian Stock Exchange (NSE) to the Nigerian Exchange Group (NGX) Plc as the beginning of a new era for the nation’s capital market.
Buhari spoke yesterday when the NGX Group hosted him at the launch of its campaign titled: ‘The Stock Africa Is Made Of.’
The demutualisation of the NSE led to the creation of the Nigerian Exchange Group Plc (NGX Group) with three operating subsidiaries. The subsidiaries are: Nigerian Exchange Limited (NGX Limited) that will be the operating exchange; NGX Regulation Limited (NGX REGCO), the independent regulation company; and NGX Real Estate Limited (NGX RELCO), the real estate company.