Economy
Equities Market Loses N125b on Profit Taking after Last Session’s N39b Gain
By Dipo Olowookere
The first trading session of this week ended bearish on Monday as the Nigerian Stock Exchange (NSE) went down by 0.84 percent at the close of business, reducing the Year-to-Date (YtD) returns to 6.37 percent.
This was caused by profit taking in large cap stocks like Dangote Cement, Zenith Bank, Nestle Nigeria and others.
Business Post reports that the loss occurred after the market had closed on a positive note for the first time last week on Friday, gaining 0.26 percent.
When market activities were wrapped up yesterday, the All-Share Index (ASI) decreased by 344.7 points to finish at 40,677.61 points, while the market capitalisation reduced by N125 billion to settle at N14.735 trillion.
Also, the market breadth ended negative on Monday with 32 price losers and 11 price gainers, while all sectors except the oil and gas finished negative.
The Consumer Goods industry was the heaviest loser after going down by 1.55 percent, Insurance went down by 1.74 percent, Banking declined by 0.44 percent, while the Industrial Goods index fell by 0.25 percent. This was caused by profit taking in shares of Nestle Nigeria, which lost 3.16 percent; Custodian and Allied, which dropped 3.65 percent; Zenith Bank, which reduced by 0.52 percent; and Dangote Cement, which crashed by 0.61 percent respectively.
However, the Oil & Gas index appreciated by 0.01 percent as a result of buying interest in equities of Eterna, which rose by 1.01 percent yesterday.
At the close of transactions, Nestle Nigeria topped the losers’ table, decreasing by N50 to settle at N1530 per share.
Okomu Oil went down by N4.50k to close at N85.50k per share, while Nigerian Breweries dropped N2.50k to end at N122 per share.
Dangote Cement lost N1.50k yesterday to finish at N243.50k per share, while Oando declined by 40k to close at N7.75k per share.
At the other side, Caverton emerged the biggest price gainer after adding 13k to its share value to close at N2.74k per share.
Fidson followed with 11k added to its share price to end at N5.49k per share, and Cutix, which rose by 10k to finish at N3.15k per share.
FCMB increased on Monday by 9k to settle at N2.63k per share, while Eterna grew by 7k to finish at N7 per share.
The volume of equities traded by investors increased yesterday by 1.95 percent, however, the value of shares sold depreciated by 47.32 percent.
A total of 218.8 million shares exchanged hands on Monday in 4,109 deals worth N2.2 billion in contrast to 214.6 million equities transacted last Friday in 3,675 deals valued at N4.2 billion.
A breakdown showed that shares in the Financial Services sector dominated the activity chart yesterday with a total of 170 million units sold for N1.3 billion, while those in the Services came second with 12.5 million shares traded for N51 million.
A further breakdown showed that UBA was investors’ toast at the market with a total of 60.5 million shares sold for N706.6 million.
It was trailed by FCMB, which traded 17.5 million equities for N45.7 million, and Soverign Trust Insurance, which exchanged 12.4 million shares valued at N2.5 million.
FBN Holdings sold 11.9 million units worth N143.1 million, while Fidelity Bank exchanged 10.5 million equities at N25.3 million.
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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