Economy
Asian Markets End Mixed on Disappointing Chinese Data
By Investors Hub
Asian shares ended mixed on Tuesday as Chinese data disappointed and worries about Turkey eased slightly after the country?s central bank announced a raft of measures aimed at soothing markets.
China?s Shanghai Composite Index eased 4.91 points or 0.2 percent to finish at 2,780.96 after a slew of Chinese data on industrial output, retail sales and fixed asset investment came in slightly below expectations. Hong Kong’s Hang Seng Index closed 183.64 points or 0.7 percent lower at 27,752.93.
Retail sales in China jumped an annual 8.8 percent in July, a tad below expectations for a 9.1 percent gain and down from 9.0 percent in June.
Industrial production advanced an annual 6.0 percent, unchanged from a month earlier but again beneath forecasts for 6.3 percent. Fixed asset investment grew 5.5 percent from a year earlier, missing expectations for 6.0 percent growth.
Meanwhile, Japanese shares rose sharply as the yen pared some of Monday?s rise after Turkey?s central bank pledged to provide liquidity and cut reserve requirements for banks.
The Nikkei 225 Index jumped 498.65 points or 2.3 percent to 22,356.08, snapping a four-day losing streak. The broader Topix index closed 1.6 percent higher at 1,710.95.
Exporters led the surge, with Toyota, Panasonic, Canon, Honda Motor and Sony climbing 1-2 percent. Softbank rallied 3.7 percent on a Bloomberg report that the company is in talks to invest up to $750 million in Zume Inc., a startup that makes fresh pizzas with the aid of robots.
In economic news, Japanese industrial production decreased less than initially estimated in June, figures from the Ministry of Economy, Trade and Industry showed.
Industrial production dropped a seasonally adjusted 1.8 percent sequentially in June, faster than the 0.2 percent fall in the previous month. That was slower than the 2.1 percent decline in the flash data.
Australian markets finished notably higher, led by gains by banks and mining stocks. The benchmark S&P/ASX 200 Index climbed 47.40 points or 0.8 percent to 6,299.60, while the broader All Ordinaries Index ended up 44.90 points or 0.7 percent at 6,386.20.
Higher iron ore prices boosted miners, with heavyweight BHP Billiton climbing 1.5 percent. Shares of Whitehaven Coal advanced 1.3 percent after the miner reported a nearly 30 percent increase in full-year profits on improved volumes and higher prices for thermal coal.
Lender ANZ added 1.6 percent after its impaired assets fell in the third quarter. National Australia Bank gained 1.5 percent despite the bank warning of additional provisions relating to regulatory compliance. Commonwealth Bank rose 1.2 percent and Westpac rallied 2.2 percent.
On the other hand, fast-food chain Domino’s Pizza Enterprises plunged 6.5 percent after its annual profit missed estimates. Hearing implant maker Cochlear tumbled 3 percent and investment management firm Challenger fell almost 7 percent on disappointing earnings results.
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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