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Economy

Banking, Industrial Goods Stocks Weaken Local Bourse

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industrial goods stocks

By Dipo Olowookere

The Nigerian Stock Exchange (NSE) closed 0.27 per cent lower on Monday after investors offloaded some of their shares in the banking and industrial goods sector of the market.

This resulted in the 0.38 per cent loss in the industrial goods space and the 0.24 per cent decline suffered by the banking index.

The depreciation recorded by these two key counters weakened the gains printed by the insurance space (2.89 per cent), oil/gas sector (0.49 per cent) and the consumer goods index (0.23 per cent).

Consequently, the All-Share Index (ASI) reduced by 67.17 points to 25,132.67 points from 25,199.84 points, while the market capitalisation decreased by N35 billion to N13.111 trillion from N13.146 trillion.

Dangote Cement was the heaviest price loser yesterday, depreciating by N1 to settle at N135 per share and was closely followed by Vitafoam, which lost 30 kobo to quote at N5.45 per share.

UAC Nigeria fell by 15 kobo to N5.85 per share, International Breweries entered a new 52-low after shedding 10 kobo to sell for N2.75 each, while United Capital depreciated by 6 kobo to finish at N3.10 per unit.

On the other hand, MTN Nigeria gained N2.30 to finish at N117.80 per share, Julius Berger appreciated by N1.45 to settle at N16.50 per share, Unilever Nigeria gained N1.25 to trade at N13.75 per unit, Ardova rose by N1.20 to close at N13.95 per share, while Dangote Cement grew by 40 kobo to N12.30 per unit.

During the first trading session of the week, the level of activity weakened as the volume, value of stocks and the number of deals decreased by 66.59 per cent, 59.20 per cent and 7.70 per cent respectively.

A total of 161.2 million stocks worth N1.9 billion exchanged hands in 3,597 deals yesterday in contrast to the 482.5 million shares worth N4.5 billion transacted last Friday in 3,897 deals.

GTBank closed the session as the most active stock, transacting 19.0 million units valued at N472.2 million and was followed by a fellow tier-one lender, Zenith Bank, which traded 18.6 million equities worth N311.5 million.

Sterling Bank transacted 14.3 stocks for N16.8 million, FBN Holdings exchanged 12.7 million equities for N63.8 million, while International Breweries traded 11.2 million stocks for N31.1 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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