Economy
49 Equities Appreciate in Price as Index Posts 2.61% Weekly Growth
By Dipo Olowookere
The All-Share Index (ASI) and market capitalisation of the Nigerian Exchange (NGX) Limited appreciated by 2.61 per cent last week to close at 50,935.03 points and N27.460 trillion respectively.
Similarly, all other indices finished higher with the exception of insurance, Afr. Bank value, Meri value, oil/gas, growth and sovereign indices which depreciated by 1.98 per cent, 1.68 per cent, 0.60 per cent, 1.10 per cent, 6.52 per cent and 0.09 per cent while Asem index closed flat.
Business Post reports that the market opened for three days due to the public holiday observed last Monday and Tuesday and only 49 equities appreciated in price, lower than 56 equities in the previous week.
In addition, 32 equities depreciated in price, higher than 26 equities in the previous week, while 75 equities remained unchanged, higher than 74 equities recorded in the previous week.
The highest price gainer was Champion Breweries as its value rose by 32.54 per cent to N3.34, International Breweries gained 32.35 per cent to trade at N6.75, Cadbury Nigeria appreciated by 32.20 per cent to N13.55, Fidson Healthcare expanded by 23.07 per cent to N10.03, while Nigerian Breweries jumped by 22.59 per cent to N70.00.
The biggest depreciating stock in the week was Oando as it posted a decline of 11.75 per cent to quote at N5.56, Trans-Nationwide Express fell by 9.88 per cent to 73 kobo, Axa Mansard Insurance went down by 9.84 per cent to N2.20, Livingtrust Mortgage Bank depreciated by 9.68 per cent to N1.12, while Transcorp Hotels shrank by 9.09 per cent to N4.50.
In the week, investors bought and sold 1.598 billion shares worth N19.603 billion in 21,494 deals compared with the 8.205 billion shares worth N49.145 billion transacted in 28,622 deals a week earlier.
The financial services sector led the activity chart by volume with the sale of 1.057 billion shares valued at N7.727 billion traded in 8,670 deals, contributing 66.15 per cent and 39.42 per cent to the total trading volume and value respectively.
The conglomerates industry followed with 148.174 million shares worth N250.567 million in 852 deals, while the third place was the consumer goods sector with a turnover of 145.471 million shares worth N5.226 billion in 4,557 deals.
Union Bank of Nigeria, FCMB and Transcorp were the most traded stocks by volume with 547.576 million units worth N2.330 billion transacted in 957 deals, contributing 34.26 per cent and 11.89 per cent to the total trading volume and value respectively.
By Aduragbemi Omiyale
Shares of First Holdco Plc worth N45.0 billion issued through a private placement have been listed on the Nigerian Exchange (NGX) Limited.
A circular issued by the Head of Issuer Regulation Department of the NGX Regulation Limited, Mr Godstime Iwenekhai, disclosed that the equities were admitted for trading at the stock market on Monday.
According to the notice, the additional shares brought for listing to rank pari passu with existing shares of the organisation were 1,021,334,544 units.
These stocks were sold to one of the company’s major shareholders at a unit price of N44.06, amounting to N45.0 billion.
The total issued and fully paid-up shares of First Holdco, as a result of this listing, are now 45,475,027,677 ordinary shares of 50 Kobo each.
“Trading licence holders are hereby notified that an additional 1,021,334,544 ordinary shares of 50 Kobo each of First Holdco Plc were on Monday, June 22, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares listed on NGX arose from the company’s private placement of 1,021,334,544 ordinary shares of 50 Kobo each at N44.06 per share.
“With the listing of the additional shares, the total issued and fully paid-up shares of First Holdco Plc have now increased to 45,475,027,677 ordinary shares of 50 Kobo each from 44,453,693,133 ordinary shares of 50 Kobo each,” the disclosure stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved fresh import licences for petrol and diesel for the third quarter of 2026 (July – September) to prevent potential supply shortages in the domestic market.
According to a report by global energy intelligence firm, Argus Media, the latest approvals were issued to major downstream operators amid declining fuel stock levels and concerns over reduced petrol production at the 700,000 barrels per day Dangote Petroleum Refinery in Lagos.
The move comes as Nigeria continues to balance increasing local refining capacity with the need to guarantee adequate supplies of petroleum products across the country.
According to the Argus report, domestic firms, including AA Rano, AYM Shafa, Bono Energy, Nipco, Matrix Energy and Pinnacle Oil, received permits to import Premium Motor Spirit, popularly known as petrol, during the July-September period.
The publication further reported that the same companies, with the exception of Nipco, were granted approvals to import Automotive Gas Oil, commonly known as diesel. The fresh approvals follow an earlier batch of petrol import permits issued by the regulator in May, covering about 720,000 metric tonnes.
Quoting a regulatory source, Argus noted that many of the companies granted the latest approvals were among those that had received permits in previous rounds. “These are some of the same ones that previously received the PMS permits,” the source was quoted as saying.
It was also claimed that AA Rano and Matrix Energy each received approvals to import 180,000 metric tonnes of petrol. AYM Shafa received approval for 120,000 metric tonnes, while Pinnacle Oil received a permit covering 150,000 metric tonnes.
For diesel imports, Argus reported that AYM Shafa obtained a permit for 60,000 metric tonnes, while Pinnacle secured approval for 45,000 metric tonnes. The report stated that the import approvals were issued only recently, after being delayed from an initial target date of June 15.
By Adedapo Adesanya
Three securities weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.01 per cent on Tuesday, June 23, dragging the market capitalisation down by N25.91 billion to N2.544 trillion from Monday’s N2.570 trillion. Also, the NASD Security Index (NSI) decreased by 43.17 points to 4,239.34 points from 4,282.51 points.
The triplet price losers were Central Securities Clearing System (CSCS) Plc, which gave up N4.82 to trade at N75.00 per unit versus Monday’s closing price of N79.82 per unit. NASD Plc depreciated by N3.70 to close at N33.30 per share compared with the preceding day’s N37.00 per share, and Nitrox Industrial Gases Plc marginally lost 1 Kobo to sell at N21.41 per unit, in contrast to the previous session’s N21.42 per unit.
Tuesday’s trading data showed that the volume of securities traded by investors retreated by 35.9 per cent to 211,671 units from 330,034 units, and the value of securities fell by 82.9 per cent to N5.6 million from N32.7 million, while the number of deals doubled to 38 deals from 19 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 68.1 million units transacted for N4.7 billion.
GNI Plc also closed the trading day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
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