Lebanese opposition groups made some unexpected gains in parliamentary elections in crisis-ridden Lebanon, against major political groups they blame for the country’s economic woes, preliminary unofficial results showed on Monday. The early results from Sunday’s elections also showed that the pro-Iranian Hezbollah movement has lost major allies in Mount Lebanon and south and north Lebanon, to members of some opposition groups, which could lead the movement to lose its majority in the 128-member parliament. According to the preliminary results quoted by Lebanese media, the opposition managed to snatch around 10 seats.…
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SE market capitalisation gains N239bn on enhanced confidence
The Nigerian Stock Exchange market capitalisation gained N239 billion in about six hours of trading on Wednesday, due to crash in money market instruments and improved third quarter earnings. Specifically, the market capitalisation which opened at N15.147 trillion rose by N239 billion or 1.58 per cent to close at N15.386 trillion. Also, the All Share Index increased by 457.31 points or 1.58 per cent to close at 29,437.60 from 28,980.29 posted on Tuesday. The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Nestle,…
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