Economy
Nigerian Exchange Index Rises 0.08% to 47,140.48 points
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited appreciated by 0.08 per cent on Friday following renewed bargain hunting on Honeywell Flour, Guinness Nigeria, UBA, Nigerian Breweries and 25 others.
The demand for these equities pushed the All-Share Index (ASI) up by 37.84 points to 47,140.48 points from 47,102.64 points and raised the market capitalisation higher by N20 billion to N25.406 trillion from N25.386 trillion.
Learn Africa recorded the highest increase in value yesterday with a price appreciation of 10.00 per cent to trade at N2.20 and was followed by NCR Nigeria, which rose by 9.92 per cent to N3.99.
Honeywell Flour gained 9.84 per cent to sell for N4.02, Academy Press improved by 9.82 per cent to close at N1.79, while SCOA Nigeria jumped by 9.81 per cent to N2.35.
The market closed with 15 price losers at the last trading session of the week and led by Pharma Deko, which lost 8.67 per cent to settle at N1.79.
FTN Cocoa depreciated by 5.41 per cent to 35 kobo, May & Baker fell by 5.39 per cent to N4.21, Cornerstone Insurance declined by 4.76 per cent to 60 kobo, while Sterling Bank went down by 4.12 per cent to N1.63.
Business Post reports that the consumer goods sector appreciated during the session by 1.05 per cent, while the banking counter grew by 0.08 per cent.
However, the energy sector fell by 3.42 per cent, while the insurance counter declined by 0.79 per cent, with the industrial good space closing flat.
A total of 4234.7 million shares worth N6.5 billion exchanged hands in 4,601 deals yesterday compared with the 357.8 million shares worth N6.5 billion traded in 4,251 deals a day earlier, indicating an increase in the trading volume and number of deals by 18.71 per cent and 8.23 per cent respectively, while the trading value closed flat.
Julius Berger ended the session as the most traded stock with 80.5 million units valued at N2.1 million and was trailed by Access Bank, which transacted 41.9 million units valued at N433.5 million.
United Capital transacted 39.2 million equities worth N467.4 million, Sovereign Trust Insurance sold 23.3 million stocks for N5.8 million, while Transcorp exchanged 21.9 million shares worth N25.6 million.
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
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