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Economy

NSE: Equities Post N517b Gain as Bargain Hunting Persists

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Nigerian Stocks

By Dipo Olowookere

Investors’ sentiments strengthened further on Wednesday as the Nigerian Stock Exchange (NSE) continues to show the high level of confidence traders have in the Nigerian economy.

Both local and international investors embarked upon bargain hunting at the market yesterday, buying up good stocks with lower price value.

At the close of the midweek trades, the stock market inched 3.60 percent higher, extending the gains to three trading sessions.

The All-Share Index (ASI) increased by 1,453.14 points to settle at 41,816.11 points, crossing the 41,000 mark for the first in almost four years.

Also, the market capitalisation rose by N517 billion to finish at N14.881 trillion, while the year-to-date return closed the day at 9.34 percent, and the market breadth ended positive with 63 price gainers and three price losers.

Business Post reports that a total of 1.1 billion shares worth N13.3 billion were exchanged on Wednesday in 8,025 deals compared with the 770.1 million units traded on Tuesday in 7,395 deals valued at N7.9 billion.

Transcorp was the most traded equity at the market yesterday, exchanging a total of 184.7 million units valued at N365.3 million.

Diamond Bank followed with 136.6 million shares sold for N314.5 million, and Access Bank traded 122 million shares valued at N1.4 billion.

Fidelity Bank transacted 86 million shares for N260 million, while FBN Holdings traded 72.5 million shares valued at N770.4 million.

On the price movement chart, Dangote Cement emerged the highest price gainer, appreciating by N9.50k to close at N247 per share.

It was trailed by Nigerian Breweries, which rose by N6 to settle at N146 per share, and Conoil, which progressed by N3.48k to end at N37.51k per share.

International Breweries went up by N3.1k to finish at N60 per share, while Beta Glass progressed by N2.56k to end at N53.87k per share.

Conversely, Guinness Nigeria topped the losers’ table, depreciating by N1.80k to settle for the day at N100.20k per share.

UAC Properties went down by N3 to close at N3.3k per share, while Fidelity Bank sank by 2k to finish at N2.92k per share.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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