Economy
Investors Gain N577.4b as NSE Index Hits 36,000 Mark
By Modupe Gbadeyanka
The rally at the stock market was sustained for the 15th consecutive day as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) buoyed by 3.40 percent or 1207.77 points to settle at 36,740.77 points, crossing the 36,000 mark for the first time in several months.
Yesterday, as the Central Bank of Nigeria (CBN) announced keeping its MPR at 14 percent, the market reacted positively to it, leaving the market capitalisation to cross the N12 trillion mark for the first time since 2015.
Today, investors gained a total of N577.4 billion, the biggest daily gain in years, to push the market capitalisation to N12.7 trillion.
Business Post observed that investors continued their interests in banking stocks as they await half year earnings of the lenders, which might start coming in from next week.
at the close of midweek trading activities, First Bank emerged the most active stock, trading a total of 42.8 million shares valued at N258 million.
It was closely followed by UBA, which exchanged 34 million units for N345.8 million, and Zenith Bank, which sold 33.3 million shares worth N838.4 million.
Furthermore, Access Bank transacted a total of 30.9 million shares worth N324.4 million, while Fidelity Bank sold 28.9 million shares at N39.3 million.
In all, a total of 335.3 million shares were exchanged in 5,385 deals on the trading floor of the NSE on Wednesday worth N4.6 billion.
An analysis of the price movement chart showed Dangote Cement as the biggest gainer, growing by N11.50k to settle at N245 per share.
Total Plc rose by N11.1k to finish at N268 per share, while Nigerian Breweries moved up by N7.90k to close at N165.90k per share.
In addition, Presco appreciated by N4.45k to end at N68.50k per share, and Okomu Oil advanced by N3.67k to settle at N70.87k per share.
On the other hand, Business Post reports that Mobil suffered the heaviest fall after losing N1.50k to settle at N253 per share.
UBA followed with a slip of 33k to close at N10.8k per share, and Union Bank slumped by 26k to end at N5.43k per share.
Furthermore, SCOA dropped 18k of its share value to finish at N3.59k per share, while Custodian & Allied declined by 16k to settle at N3.40k per share.
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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