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Economy

NSE Index Gains 0.56% as Bargain Hunters Pounce on Weak Shares

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By Dipo Olowookere

Activities of bargain hunters lifted the local bourse on Tuesday from the negative territory it plunged into at the close of Monday’s session.

The Nigerian stock market had opened the week with a 0.39 percent loss yesterday, but when the market wrapped up transactions on Tuesday, it was green, appreciating by 0.56 percent and reducing the year-to-date loss to 15.33 percent.

This was mainly due to the positive performance of Nestle Nigeria and 26 other equities at the market yesterday.

Nestle Nigeria gained N30.50k on Tuesday to lead the price risers table, closing for the day at N1380.50k per share.

It was followed by Forte Oil, which appreciated by N1 to settle at N20 per share, and FBN Holdings, which grew by 55 kobo to end at N8.75k per share.

UBA garnered 50 kobo to finish at N7.70k per share, while Zenith Bank also advanced by 50 kobo to settle at N20.75k per share.

However, it was a bad day for Nigerian Breweries and 17 other counters. The stock lost N2 of its share value to lead the losers’ log, closing at N90 per share.

NASCON reduced by 65 kobo to end at N18.60k per share, while Red Star Express went down by 45 kobo to settle at N4.50k per share.

GTBank depreciated by 25 kobo to finish at N33.70k per share, while C&I Leading crashed by 15 kobo to close at N3 per share.

A look at the market activity showed that the volume and value of equities transacted on Tuesday increased by 67.94 percent and 23.32 percent respectively.

A total of 269.8 million shares worth N2.7 billion exchanged hands yesterday compared with the 160.7 million valued at N2.2 billion traded the previous session.

A breakdown indicated that financial stocks accounted for 222.9 million units sold for N1.6 billion, while Consumer Goods equities accounted for 16.5 million units valued at N727 million.

A further breakdown revealed that Access Bank shares got the curiosity of investors at the market on Tuesday, trading 85 million units worth N679.8 million.

It was followed by Skye Bank, which transacted 22.9 million shares for N14.7 million, and Zenith Bank, which traded 16.4 units valued at N338.4 million.

Sterling Bank exchanged 11.7 million shares for N16.9 million, while International Breweries sold 10.3 million equities valued at N299.7 million.

A quick look at the major market indices showed that the All-Share Index (ASI) increased on Tuesday by 179.02 points to settle at 32,381.00 points, while the market capitalisation went up by N66 billion to finish at N11.822 trillion.

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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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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