Economy
NSE: Market Indices Record 0.52% Growth
By Modupe Gbadeyanka
On Monday, November 13, 2017, trading activities resumed on the floor of the Nigerian Stock Exchange (NSE) on a positive note with the major market indicators closing in the green zone.
The stock market posted a growth of 0.52 percent with the Year-to-Date (YtD) return closing at 38.84 percent.
Specifically, the All-Share Index (ASI) increased by 192 points to close at 37,312.28 points, while the market capitalisation rose by N67 billion to settle at N12.9 trillion.
Business Post reports that the stock market recorded a total of 16 price gainers and 24 price losers at the close of business on Monday.
The price losers were led by Nigerian Breweries, which went down by N4.92k to settle at N138.98k per share.
It was trailed by GTBank, which fell by N1.31k to finish at N41.69k per share, while International Breweries slumped by 45k to end at N49.55k per share.
Custodian and Allied depreciated by 18k to close at N3.72k per share, while Zenith Bank declined by 16k to settle at N24.84k per share.
On the flip side, Dangote Cement improved by N8.99k to close at N238 per share, while Forte Oil rose by N3.87k per share to finish at N47.97k per share.
Okomu Oil appreciated by N2.99k per share to settle at N67.99k per share, GlaxoSmithKline increased by 25k to close at N25.25k per share, and NASCON increased by 14k to end at N15.40k per share.
Just like last week, the Financial Services sector maintained its position as the most active sector today, exchanging a total of 154.707 million shares worth N1.284 billion, while the Industrial Goods industry came next with 132.938 million shares traded for N27.1 billion.
At the close of business on Monday, the volume traded increased by 91.89 percent from 175.276 million to 336.335 million, while the total value of stock traded progressed by 1034.65 percent from N2.646 billion to N30.023 billion.
Dangote Cement emerged the most traded equity by volume, trading a total of 128.9 million shares valued at N27 billion.
It was followed by FBN Holdings, which sold 77.6 million shares worth N554.9 million, and Fidelity Bank exchanged 15.9 million shares at N26.8 million.
Diamond Bank transacted 14.3 million shares worth N16.5 million, while Guinness Nigeria traded 9.9 million shares valued at N1 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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