Economy
Banking, Cement Stocks Strengthen NGX Index by 2.90%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited appreciated by 2.90 per cent as investors felt very confident about the stock market again after it came under the control of the bears for months.
The significant attention attracted by banking and industrial goods equities, particularly cement stocks, further strengthened the exchange yesterday, with the market breadth closing positive as a result of 28 shares closing on the gainers’ chart and 11 shares finishing on the losers’ table.
Secure Electronic Technology was the best-performing stock of the session as it appreciated by 10.00 per cent to 22 Kobo, Dangote Cement improved by 9.98 per cent to N262.30, BUA Cement rose by 9.72 per cent to N79.00, Cornerstone Insurance grew by 9.09 per cent to 48 Kobo, Prestige Assurance expanded by 8.11 per cent to 40 Kobo.
On the flip side, SCOA Nigeria closed as the worst-performing stock after its value went down by 9.30 per cent to N1.17, Royal Exchange depreciated by 8.97 per cent to 71 Kobo, Eterna declined by 4.76 per cent to N5.40, Cutix fell by 4.72 per cent to N2.02, and Chams dropped 4.35 per cent to sell at 22 Kobo.
During the session, the industrial goods space rose by 9.25 per cent, the insurance sector appreciated by 3.66 per cent, the banking index gained 1.82 per cent, the energy counter grew by 0.66 per cent, and the consumer goods sector went up by 0.33 per cent.
This pushed the All-Share Index (ASI) higher by 1,303.04 points to settle at 46,232.37 points compared with the previous day’s 44,929.33 points, while the market capitalisation increased by N710 billion to N25.182 trillion from N24.472 trillion.
At the close of business, investors traded 187.9 million equities worth N1.8 billion in 3,458 deals compared with the 126.6 million equities worth N3.9 billion traded in 3,383 deals a day earlier, indicating a decline in the trading value by 52.17 per cent, an increase in the trading volume by 48.47 per cent, and a rise in the number of deals by 2.22 deals.
Livingtrust Insurance emerged as the most traded stock on Wednesday as it sold 30.1 million units, Transcorp exchanged 26.5 million units, Access Holdings traded 16.4 million units, Ecobank transacted 12.1 million units, and GTCO traded 11.6 million units.
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
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