Economy
Investors Stake N24bn on 1.5 billion Stocks in One Week
By Modupe Gbadeyanka
At the Nigerian Stock Exchange (NSE) last week, the All-Share Index (ASI) and market capitalisation both depreciated by 1.00 percent and 0.90 percent to close at 25,016.30 points and N13.050 trillion respectively.
All other indices finished lower with the exception of NSE AFR Div Yield and consumer goods indices which appreciated by 1.20 percent and 0.26 percent respectively while NSE ASeM closed flat.
About N24 billion was spent by investors on 1.5 billion shares last week in 22,911 deals at the exchange. This was in contrast to the N14 billion used to transact 1.3 billion shares the previous week in 20,554 deals.
A breakdown of the trades showed that equities in the financial services sector led the activity chart with 861.8 million units valued at N8.6 billion traded in 11,647 deals, contributing 58.66 percent and 36.28 percent to the total equity turnover volume and value respectively.
Shares in the consumer goods space followed with 184.6 million units valued at N5.9 billion in 3,953 deals, while stocks in the services industry came third with a turnover of 119.2 million units worth N270.1 million in 1,043 deals.
A further analysis showed that FBN Holdings, GTBank and Zenith Bank accounted for 456.6 million units worth N6.9 billion in 5,921 deals, contributing 31.08 percent and 29.47 percent to the total equity turnover volume and value respectively.
The market breadth closed negative as there were 26 price gainers, lower than 34 of the previous week and 39 price losers, higher than 21 of the preceding week. A total of 98 equities remained unchanged, lower than 108 equities recorded in the preceding week.
For another week, Neimeth was the best performing stock, gaining 56.64 percent to close at N1.77 per share. SAHCO gained 50.83 percent to finish at N2.73 per share, Japaul Oil rose by 50.00 percent to close at 30 kobo per share, UPDC grew by 20.00 percent to finish at 96 kobo per share, while ABC gained 17.14 percent to finish at 41 kobo per share.
The worst performing stock for the week was Afromedia, losing 23.08 percent to close at 20 kobo per share. Julius Berger went down by 22.73 percent to finish at N21.25 per share, UAC Nigeria fell by 13.89 percent to finish at N7.75 per share, Fidson dropped 12.94 percent to close at N2.96 per share, while PZ Cussons depreciated by 12.73 percent to close at N4.80 per share.
This week, we expect investors to trade cautiously while cherry picking some stocks trading at low prices, especially in the banking, healthcare, consumer goods and industrial goods sectors.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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