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Economy

Consumer Goods Stocks Keep NSE Index in Danger Zone

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consumer goods stocks

By Dipo Olowookere

Activities on the floor of the Nigerian Stock Exchange (NSE) remained in the red territory on Wednesday after the market ended 0.37 percent lower to expand the year-to-date loss to 11.81 percent.

This was buoyed by the losses recorded by equities in the consumer goods sector despite the gains printed by stocks in the banking, insurance and industrial sectors.

Business Post reports that the consumer goods index went down at the midweek session by 3.52 percent while the oil and gas index depreciated by 0.02 percent.

At the close of business, the banking index rose by 0.71 percent, the insurance index increased by 0.87 percent, while the industrial index appreciated by 0.27 percent.

Nestle Nigeria topped the losers’ table at the trading session, shedding N29.50k from its share price to finish at N1270 per unit.

Nigerian Breweries lost N2 to close at N50 per share, Dangote Sugar went down by N1 to finish at N9.80k per unit, Berger Paints went down by 60 kobo to end at N5.70k per share, while Custodian Investment declined by 55 kobo to settle at N5.55k per unit.

At the other side, Julius Berger topped the gainers’ chart after adding N1.85k to its share value to finish at N20.6k per share.

Forte Oil gained N1.65k to end at N19.65k per unit, CCNN improved by 35 kobo to close at N12.30k per share, Access Bank appreciated by 25 kobo to settle at N6.55k per unit, while Ecobank rose by 20 kobo to exchange at N8.20k per share.

An analysis of the main market indicators showed that the All-Share Index (ASI) decreased by 102.31 points to finish at 27,718.26 points, while the market capitalisation reduced by N50.7 billion to settle at N13.508 trillion, lower than N13.558 trillion in the previous session.

Despite the market closing depressed yesterday, the activity level improved as the volume and value of transactions increased by 62.31 percent and 85.13 percent respectively.

A total of 251.9 million shares worth N4.1 billion were traded on Wednesday in 3,937 deals compared with the 155.2 million equities valued at N2.2 billion exchanged in 3,192 deals on Tuesday.

Zenith Bank traded the highest number of shares at the market during the midweek session, exchanging 39.1 million units worth N718.8 million.

FBN Holdings transacted 34.8 million shares valued at N197.5 million, UBA traded 27.7 million equities worth N163.7 million, GTBank exchanged 23.5 million units for N667.6 million, while Transcorp traded 23.3 million shares worth N22.1 million.

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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