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Economy

54 Stocks Drag NSE Market Indices Down by 1.34% in One Week

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NSE index falls

By Dipo Olowookere

The major market indices of the Nigerian Stock Exchange (NSE) went down last week by 1.34 percent following losses recorded by some equities listed on the local bourse.

Specifically, the All-Share Index (ASI) closed the week at 40,472.45 points, while the market capitalisation finished at N14.660 trillion.

Similarly, all other indices finished lower with the exception of the NSE Consumer Goods Index which appreciated by 0.03 percent, while the NSE ASeM Index closed flat.

During the week, 20 equities appreciated in price, higher than 35 in the previous week, while 54 equities depreciated in price, higher 49 equities of the previous week and 95 equities remained unchanged higher than 85 equities recorded in the preceding week.

A total turnover of 1.5 billion shares worth N23.7 billion in 19,674 deals were traded last week by investors on the floor of the NSE in contrast to a total of 1.6 billion shares valued at N26 billion that exchanged hands in the previous week in 21,115 deals.

The Financial Services Industry, measured by volume, led the activity chart with 1.2 billion shares valued at N16.8 billion traded in 11,092 deals; thus contributing 83.98 percent and 71.093 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 76.4 million shares worth N5.2 billion in 3,425 deals, while the third place was occupied by Oil and Gas Industry with a turnover of 57.2 million shares worth N527.9 million in 2,237 deals.

Trading in the top three equities; Zenith Bank, GTBank and UBA, measured by volume, accounted for 491.7 million shares worth N14.2 billion in 3,265 deals, contributing 33.75 percent and 59.83 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 153,246 units of Exchange Traded Products (ETPs) valued at N4.009 million executed in 22 deals, compared with a total of 444,190 units valued at N2.514 million that was transacted last week in 11 deals.

In addition, a total of 7,508 units of Federal Government valued at N7.506 million were traded in the week in 12 deals, compared with a total of 7,647 units valued at N8.047 million transacted in the previous week in 30 deals.

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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