The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS/Afolabi Sotunde
ABUJA (Reuters) - The Nigerian Exchange Group quoted 1.9 billion shares on the over-the-counter market NASD on Wednesday at 25 naira each, giving it a valuation of 47.5 billion naira ($125 million), exchange data showed.
The listing makes the Nigerian bourse Africa’s second to be listed after the Johannesburg Stock Exchange.
It began changing its ownership structure from a mutual company of stockbrokers in 2017, adding new shareholders in a process known as “demutualisation”.
It then re-registered as a profit-making entity, owned by shareholders, called the Nigerian Exchange Group Plc, after being a not-for-profit entity.
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LONDON (Reuters) - Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some Tesla shares, according to their daily fund trading summary.
FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton
A chunky $168 million of Coinbase shares were added to its flagship ARK Innovation fund, and the remainder went into its next generation and fintech innovation funds.
Notably, one of Wood’s funds sold a $4.4 million stake in New York Stock Exchange owner Intercontinental Exchange.
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BENGALURU (Reuters) - Indian shares reversed early gains to trade lower on Thursday, after the country reported a record spike in fresh COVID-19 cases and its richest state imposed a lockdown, stoking fears of further economic pains.
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, August 25, 2015. REUTERS/Shailesh Andrade/Files
The NSE Nifty 50 index fell 0.5% to 14,432.0 by 0524 GMT, while the S&P BSE Sensex was 0.6% lower at 48,274.27, as the two indexes continued their retreat from record highs hit in mid-February amid surging virus cases.
Maharashtra, home to India’s financial hub Mumbai, entered a lockdown starting midnight April 14 until the end of the month, while nationwide infections hit a new daily record of more than 200,000 over the last 24 hours.
Cathie Wood's Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange's Nasdaq debut on Wednesday and sold some Tesla shares, according to their daily fund trading summary.
2 Min Read
FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton
(Reuters) -Coinbase Global Inc shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
The debut, done through a direct listing where no shares are sold ahead of the opening, marked another milestone for bitcoin and other digital assets and came amid a surge in the value of cryptocurrencies that has lured a clutch of mainstream, top-tier firms.