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Economy

Equity Investors Extend Losses on Mixed Corporate Earnings

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By Dipo Olowookere

For the fourth consecutive day, the Nigerian Stock Exchange (NSE) closed on Thursday on a sad note as investors continue to react to the mixed half year earnings of companies listed on the stock exchange.

At the close of transactions yesterday, the market depreciated by 0.19 percent, dragging the Year-to-Date (YtD) gains further down to -5.26 percent.

The benchmark index, All-Share Index (ASI), lost 67.16 points to close at 36,232.66 points, while the market capitalisation decreased by N21 billion to finish at N13.228 trillion.

However, the market recorded improved activities as the total volume and value of transactions increasing at the close of transactions.

A total of 188.3 million shares valued at N1.3 billion were transacted on Thursday by investors in 2,795 deals in contrast to the 114 million shares worth N730.1 million exchanged on Wednesday in 2,610 deals.

The most traded equity at the NSE was United Bank for Africa (UBA), selling a total of 27.2 million units valued at N260.2 million.

It was followed by Law Union and Rock Insurance, which sold 25 million shares worth N22.5 million, and Zenith Bank, which transacted 19.9 million equities for N71.4 million.

Courteville traded 19.7 million shares worth N4.1 million, while Regency Assurance Insurance sold 13.1 million equities valued at N3.05 million.

Unlike the previous session, the market breadth ended negative after closing with 12 price risers and 22 price fallers.

It was a bad trading day for Mobil Oil Nigeria as its shares depreciated by N10 to settle at N170 per share.

It was followed by FBN Holdings, which went down by 45 kobo to close at N9.50k per share, and Vitafoam, which declined by 36 kobo to finish at N3.24k per share.

PZ Cussons crashed by 20 kobo to end at N14.05k per share, while Zenith Bank depreciated by 15 kobo to close at N23.60k per share.

Conversely, International Breweries emerged the highest price gainer after appreciating by 50 kobo to close at N31 per share.

Sterling Bank gained 13 kobo to close at N1.49k per share, while Ecobank garnered 10 kobo to finish at N22.15k per share.

Eterna also improved by 10 kobo on Thursday to close at N6.10k per share, while Stanbic IBTC added 10 kobo to its share value to settle at N50 per share.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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