Economy
Nigerian Exchange Begins Week With 0.79% Growth
By Dipo Olowookere
A 0.79 per cent rise was recorded by the Nigerian Exchange (NGX) Limited on Monday as a result of bargain-hunting activities by investors, raising the year-to-date return to 1.45 per cent.
Buying activities in the banking and consumer goods sectors helped the bourse close bullish yesterday as their respectively indices closed higher by 4.71 per cent and 1.74 per cent.
However, the insurance, energy and industrial goods counters depreciated by 0.95 per cent, 0.89 per cent and 0.03 per cent, respectively due to selling pressure.
However, they could not affect the outcome of the stock exchange because the All-Share Index (ASI) increased by 820.49 points to 104,418.95 points from 103,598.46 points and the market capitalisation grew by N795 billion or 1.25 per cent to N64.440 trillion from N63.645 trillion.
Investor sentiment was strong on the first trading day of the week after Customs Street ended with 38 price gainers and 30 price losers, representing a positive market breadth index.
Beta Glass appreciated by 9.98 per cent to N65.00, RT Briscoe jumped by 9.92 per cent to N2.77, Access Holdings improved by 9.88 per cent to N27.80, Chellaram surged by 9.83 per cent to N4.47, and SAHCO gained 9.80 per cent to N36.40.
On the flip side, MRS Oil depleted by 10.00 per cent to N180.90, Transcorp Hotels lost 9.97 per cent to trade at N114.65, Eunisell fell by 9.64 per cent to N11.40, John Holt declined by 9.64 per cent to N7.50, and Caverton crashed by 9.40 per cent to N2.12.
A total of 518.3 million shares worth N13.3 billion exchanged hands in 17,196 deals on Monday versus the 576.4 million shares valued at N9.0 billion transacted in 11,546 deals last Friday, indicating a fall in the trading volume by 10.08 per cent and an improvement in the trading value and number of deals by 47.78 per cent and 48.93 per cent, respectively.
Access Holdings traded 51.1 million equities valued at N1.4 billion, FCMB exchanged 40.3 million stocks worth N471.5 million, Sterling Holdings transacted 38.9 million shares for N232.7 million, Zenith Bank sold 33.2 million shares worth N1.7 billion, and UBA traded 29.4 million equities valued at N1.1 billion.
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.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
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