Economy
Investors Gain N27bn from Stock Trading Amid Portfolio Rebalancing Activities
By Dipo Olowookere
A 0.07 per cent growth was recorded by the Nigerian Exchange (NGX) Limited on Thursday as traders rebalanced their portfolios, picking up equities with the possibility of appreciating in price in the short and medium term.
This boosted the value of Customs Street during the session by N27 billion as the market capitalisation closed at N39.075 trillion compared with Wednesday’s closing value of N39.048 trillion.
In the same vein, the All-Share Index (ASI) increased at the close of business by 48.87 points to settle at 71,052.85 points, in contrast to the midweek session’s 71,003.98 points.
Analysis of the sectorial performance showed that the consumer goods space lost 0.05 per cent due to mild profit-taking in Cadbury Nigeria and Unilever Nigeria.
However, bargain-hunting activities raised the insurance, industrial goods and banking sectors by 1.27 per cent, 0.04 per cent, and 0.03 per cent, respectively, while the energy index remained unchanged.
Investor sentiment remained bullish yesterday as the bourse finished with 39 price advancers and 19 price laggards, representing a positive market breadth index.
Beta Glass closed the session as the biggest price gainer, chalking up 10.00 per cent to trade at N59.40. Multiverse grew by 9.98 per cent to N5.29, MeCure rose by 9.97 per cent to N8.38, Enamelware also improved by 9.97 per cent to N19.30, and Infinity Trust Mortgage Bank expanded by 9.84 per cent to N1.34.
Conversely, Ellah Lakes lost 9.89 per cent to quote at N3.37, Omatek declined by 9.17 per cent to 99 Kobo, Academy Press fell by 5.56 per cent to N1.70, McNichols dropped 5.56 per cent to finish at 85 Kobo, and NPF Microfinance Bank depreciated by 4.11 per cent to N2.10.
On the activity chart, Universal Insurance was on top after it transacted 164.3 million shares valued at N42.0 million, Veritas Kapital sold 77.1 million stocks for N30.5 million, Unity Bank traded 24.0 million equities worth N40.4 million, Chams exchanged 20.8 million shares valued at N46.2 million, and Zenith Bank traded 20.7 million equities worth N694.2 million.
At the close of trades for the day, investors bought and sold 563.7 million stocks worth N3.4 billion in 6,579 deals versus the 428.4 million stocks worth N7.4 billion traded in 6,677 deals a day earlier, implying an increase in the trading volume by 31.58 per cent, a decline in the trading value by 54.05 per cent, and a slump in the number of deals by 1.47 per cent.
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.
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.”
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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