Economy
Market Capitalisation Hits N12tr on Sustained Buying Pressure
By Dipo Olowookere
The release of Q3 results by companies quoted on the Nigerian Stock Exchange (NSE) has continued to propel investors to add more shares to their portfolios.
This was reflected in the extension of the bullish sentiment at the market on Monday after the gains recorded last Friday.
Also, the market capitalisation, which had been in the N11 trillion region for a long time, finally crossed the N12 trillion market at the close of business yesterday, closing at N12.034 trillion after increasing by N44 billion.
Business Post reports that when market activities were brought to an end on Monday, the stock market was up by 0.37 percent, with the year-to-date loss reducing to 13.81 percent.
This was as the All-Share Index (ASI) appreciated by 121.13 absolute points to settle at 32,962.82 absolute points.
It was observed that the volume transactions recorded yesterday increased by 21.29 percent, while the value of trades grew by 239.85 percent.
A total of 257.9 million shares worth N5 billion was transacted by investors on Monday compared with the 212.7 million equities valued at N1.5 billion traded last Friday.
The huge rise in the value of shares exchanged yesterday at the market was largely due to volume of shares GTBank traded.
GTBank, which topped the activity chart, exchanged 74.2 million units of its shares worth N2.7 billion on Monday.
It was followed by Diamond Bank, which traded 43 million shares worth N51.6 million, and UAC of Nigeria, which exchanged 16.7 million equities valued at N169.7 million.
FCMB sold 15.5 million units of its shares for N24.1 million, while Sterling Bank exchanged 13.7 million shares worth N20 million.
At the close of transactions, the Financial Services sector led the activity chart with 204.6 million equities exchanged for N3.3 billion, while the Conglomerates industry followed with 20.9 million shares transacted for N175 million.
On the price movement chart, Seplat emerged as the highest price gainer, appreciating by N29.90k to settle at N644.90k per share.
It was followed by Unilever Nigeria, which improved by N3.60k to close at N47.50k per share, and Zenith Bank, which rose by N1.10k to finish at N24 per share.
Stanbic IBTC added N1 to its share value to end at N46 per share, while Custodian Investment went up by 40 kobo to close at N5.50k per share.
On the flip side, investors continued with the selloff of Lafarge Africa shares as a result of the poor Q3 results released by the cement maker last week. The company’s shares depleted by N2.10k on Monday to settle at N18.90k per share.
This was trailed by Nigerian Breweries, which decreased by 60 kobo to close at N87.90k per share, and Cadbury Nigeria, which went down by 60 kobo to end at N9.20k per share.
Dangote Flour reduced by 50 kobo yesterday to settle at N7.50k per share, while Access Bank reduced by 30 kobo to finish at N8 per share.
With more firms expected to release their financial scorecards, observers would hope that the current upward movement is sustained throughout this week.
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.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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