Economy
How Investors Bought, Sold 1.446 billion Shares Worth N25.418bn in One Week
By Dipo Olowookere
The bulls and the bears fought for dominance at the Nigerian Exchange (NGX) Limited last week, though the former overcame after the bourse posted a week-on-week growth of 0.33 per cent, with the All-Share Index (ASI) and the market capitalisation closing higher at 67,136.58 points and N36.885 trillion, respectively.
Similarly, all other indices finished higher except the premium, pension, insurance, AFR Div. Yield, MERI Growth, consumer goods, industrial goods, growth, sovereign bond and pension broad indices, which depreciated by 0.01 per cent, 0.18 per cent, 1.12 per cent, 0.29 per cent, 0.47 per cent, 0.04 per cent, 0.15 per cent, 0.25 per cent, 3.56 per cent and 0.06 per cent apiece, while the ASeM index closed flat.
According to data from the exchange, investors bought and sold 1.446 billion shares worth N25.418 billion in 28,933 deals compared with the 1.496 billion shares valued at N24.284 billion traded in 29,298 deals a week earlier.
The financial services industry led the activity chart with 958.111 million shares valued at N14.371 billion in 13,270 deals, contributing 66.26 per cent and 56.54 per cent to the total trading volume and value, respectively.
The ICT sector followed with 129.251 million shares worth N972.593 million in 2,722 deals, while the conglomerates space was in third position with 95.634 million shares worth N662.545 million in 1,664 deals.
Access Holdings, Fidelity Bank and UBA were the busiest equities in the week, selling 447.283 million units for N6.568 billion in 4,877 deals, contributing 30.93 per cent and 25.84 per cent to the total trading volume and value apiece.
In the week, 39 stocks appreciated in price versus 28 stocks in the previous week, 42 equities depreciated in price compared with 46 equities in the preceding week, and 76 shares closed flat, in contrast to 83 shares in the earlier week.
Chams topped the gainers’ table after it chalked up 27.52 per cent to close at N1.90, Geregu Power grew by 20.63 per cent to N380.00, Multiverse expanded by 19.85 per cent to N3.20, UAC Nigeria rose by 19.09 per cent to N13.10, and Tantalizers improved by 17.24 per cent to 34 Kobo.
On the flip side, VFD Group topped the losers’ chart after it shed 18.98 per cent to N218.20, Consolidated Hallmark Insurance went down by 10.43 per cent to N1.03, Secure Electronic Technology declined by 10.00 per cent to 27 Kobo, Sunu Assurances also fell by 10.00 per cent to 99 Kobo, and McNichols decreased by 9.68 per cent to 56 Kobo.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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