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Economy

Local Equities Succumb to Sell Pressure, Down 0.97%

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Equities Market bearish bullish

By Dipo Olowookere

Trading activities on the floor of the Nigerian Stock Exchange (NSE) finished bearish on Wednesday after the market was subjected to selling pressure by profit takers.

The decision of some investors to take profit at yesterday’s session led to the 0.97 percent loss posted at the close of business, putting a pause to the two consecutive gains this week and extending the year-to-date loss to 13.08 percent.

Business Post reports that apart from the industrial sector, which rose by 0.29 percent, every other sector closed in the red territory, with the consumer goods index leading the pack with 2.19 percent loss.

The insurance sector depreciated by 1.02 percent, the energy sector declined by 0.79 percent, while the banking index went down by 0.74 percent.

During the mid-week session, the All-Share Index (ASI) reduced by 267.15 points to close at 27,319.64 points, while the market capitalization went down by N130 billion to settle at N13.291 trillion.

The volume and value of transactions on the NSE decreased by 14.93 percent and 8.73 percent respectively, with the volume of traded equities going down to 250.5 million from 294.4 million and the value dropping to N3.2 billion from N3.5 billion.

Access Bank led the activity chart with a turnover of 81.9 million units of its shares worth N542.3 million, with Lafarge Africa trailing after selling 40.7 million equities valued at N587.4 million.

Zenith Bank traded 27.5 million shares for N481.5 million, FBN Holdings transacted 19.3 million equities worth N89.5 million, while Transcorp exchanged 13.7 million shares valued at N14.1 million.

At yesterday’s session, a total of 19 counters suffered losses, while 13 companies had their stocks appreciating in value.

Nestle Nigeria led the decliners’ chart after going down by N50 to finish at N1250 per share, while Guinness Nigeria followed with a price depreciation of N4.10k to close at N37.30k per unit.

Dangote Cement depreciated by N2.30k to settle at N157.70k per share, Forte Oil lost N1.60k to end at N14.85k per unit, while MTN Nigeria went down by N1.50k to close at N138.50k 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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