Economy
CWG, Transcorp, FBN Holdings Dominate NGX Weekly Equity Turnover
By Dipo Olowookere
The trio of Computer Warehouse Group (CWG), Transcorp and FBN Holdings dominated the total equity turnover last week, accounting for 810.8 million shares worth N2.1 billion in 1,499 deals, contributing 43.65 per cent and 4.38 per cent to the total trading volume and value respectively.
Business Post reports that in the week, investors traded 1.9 billion shares worth N47.5 billion in 20,861 deals compared with the 1.6 billion shares worth N32.7 billion traded in 22,607 deals a week earlier.
A further breakdown indicated that financial stocks led the activity chart with 815.4 million units worth N7.1 billion traded in 10,736 deals, contributing 43.89 per cent and 14.88 per cent to the total trading volume and value respectively.
ICT equities followed with 596.6 million units valued at N845.020 million in 1,028 deals, while conglomerates shares exchanged 161.4 million units worth N191.189 million in 983 deals.
A total of 47 equities appreciated in price during the week, higher than 33 equities in the previous week, while 23 equities depreciated in price, lower than 35 equities in the previous week, with 86 equities remaining unchanged, lower than 88 equities recorded in the previous week.
Courtville emerged as the highest price gainer, rising by 24.32 per cent to 46 kobo, followed by Northern Nigerian Flour Mills, which gained 20.61 per cent to sell for N7.90.
Eterna grew by 13.19 per cent to N6.35, Skyway Aviation rose by 10.00 per cent to N5.83, while Neimeth also gained 10.00 per cent to trade at N1.98.
On the flip side, Veritas Kapital ended the week as the heaviest price loser, shedding 8.70 per cent to 21 kobo and was trailed by Regency Assurance, which lost 8.70 per cent to finish at 42 kobo.
NEM Insurance depreciated by 6.57 per cent to N3.70, Transcorp declined by 5.26 per cent to N1.08, whole Japaul went down by 4.76 per cent to 40 kobo.
Last week, the All-Share Index and market capitalisation of the Nigerian Exchange (NGX) Limited appreciated by 3.38 per cent to 45,957.35 points and N24.761 trillion respectively.
Similarly, all other indices finished higher with the exception of insurance index, which depreciated by 0.27 per cent, while the ASem and Sovereign bond indices closed flat.
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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