Economy
Market Information Drives Trading in FBN Holdings, UAC Nigeria, Access Bank Stocks
By Modupe Gbadeyanka
Last week, information concerning FBN Holdings, UAC Nigeria and Access Bank caused investors to pick interest in their respective stocks.
It was reported last week that FBN Holdings has injected N25 billion into its commercial banking arm, First Bank of Nigeria Limited. This fresh fund was from the sale of FBN Insurance to another investor recently and to boost the capital base of First Bank, its flagship firm, FBN Holdings ‘poured’ the money into it.
Also, during the week, UAC Nigeria announced selling its stake in UAC Property Development Company (UPDC) to Custodian Investment Plc. In the week too, Access Bank confirmed that it has finally acquired a commercial bank in Zambia.
All these spurred shareholders to trade heavily in the stocks of these three firms, with some selling and others buying.
At the close of transactions in the week, the trio accounted for 320.2 million shares worth N1.8 billion in 2,639 deals, contributing 30.06 per cent and 16.69 per cent to the total equity turnover volume and value respectively.
During the week, investors traded a total of 1.1 billion shares worth N10.8 billion in 20,482 deals in contrast to 422.0 million shares valued at N5.3 billion in 11,801 deals the previous week.
It was observed that financial equities led the activity chart with 677.3 million shares valued at N5.1 billion traded in 10,386 deals, contributing 63.59 per cent and 46.95 per cent to the total equity turnover volume and value respectively.
Shares in the conglomerates industry followed with 153.4 million shares worth N580.2 million in 894 deals, while stocks in the industrial goods sector recorded 57.4 million units worth N861.3 million in 1,671 deals.
A total of 41 stocks appreciated in price during the week, higher than 24 equities in the previous week, while 18 equities depreciated in price, lower than 28 equities in the previous week, with 104 equities closing flat, lower than 111 equities recorded in the previous week.
Neimeth was the highest price gainer in the week, appreciating by 21.33 per cent to settle at N1.82 per share.
UPDC grew by 18.52 per cent to close at 96 kobo per share, Flour Mills gained 13.20 per cent to end at N19.30 per share, Seplat appreciated by 12.83 per cent to settle at N350.00 per share, while Stanbic IBTC grew by 10.00 per cent to finish at N33.00 per share.
On the flip side, UAC Nigeria was the biggest loser in the week, depreciating by 11.43 per cent to settle at N6.20 per share and was followed by Total Nigeria, which fell by 9.91 per cent to finish at N79.10 per share.
Ardova declined by 9.67 per cent to close at N12.15 per share, Custodian Investment deflated by 9.09 per cent to settle at N5.00 per share, while Sunu Assurances Nigeria also decreased by 9.09 per cent to finish at 20 kobo per share.
Business Post reports that during the week, the All-Share Index (ASI) and market capitalisation both appreciated by 1.41 per cent to 25,041.89 points and N13.063 trillion respectively.
All other indices finished higher with the exception of the insurance index which depreciated by 0.28 per cent while the NSE ASeM closed flat.
By Aduragbemi Omiyale
The ban on the export of raw shea nuts from Nigeria has been extended by one year by President Bola Tinubu.
A statement from the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Wednesday disclosed that the ban is now till February 25, 2027.
It was emphasised that this decision underscores the administration’s commitment to advancing industrial development, strengthening domestic value addition, and supporting the objectives of the Renewed Hope Agenda.
The ban aims to deepen processing capacity within Nigeria, enhance livelihoods in shea-producing communities, and promote the growth of Nigerian exports anchored on value-added products, the statement noted.
To further these objectives, President Tinubu has authorised the two Ministers of the Federal Ministry of Industry, Trade and Investment, and the Presidential Food Security Coordination Unit (PFSCU), to coordinate the implementation of a unified, evidence-based national framework that aligns industrialisation, trade, and investment priorities across the shea nut value chain.
He also approved the adoption of an export framework established by the Nigerian Commodity Exchange (NCX) and the withdrawal of all waivers allowing the direct export of raw shea nuts.
The President directed that any excess supply of raw shea nuts should be exported exclusively through the NCX framework, in accordance with the approved guidelines.
Additionally, he directed the Federal Ministry of Finance to provide access to a dedicated NESS Support Window to enable the Federal Ministry of Industry, Trade and Investment to pilot a Livelihood Finance Mechanism to strengthen production and processing capacity.
Shea nuts, the oil-rich fruits from the shea tree common in the Savanna belt of Nigeria, are the raw material for shea butter, renowned for its moisturising, anti-inflammatory, and antioxidant properties. The extracted butter is a principal ingredient in cosmetics for skin and hair, as well as in edible cooking oil. The Federal Government encourages processing shea nuts into butter locally, as butter fetches between 10 and 20 times the price of the raw nuts.
The federal government said it remains committed to policies that promote inclusive growth, local manufacturing and position Nigeria as a competitive participant in global agricultural value chains.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange expanded for the first session this week by 1.27 per cent on Wednesday, February 25.
This lifted the NASD Unlisted Security Index (NSI) above 4,000 points, with a 50.45-point addition to close at 4,025.25 points compared with the previous day’s 3,974.80 points, as the market capitalisation added N30.19 billion to close at N2.408 trillion versus Tuesday’s N2.378 trillion.
At the trading session, FrieslandCampina Wamco Nigeria Plc grew by N5.00 to trade at N100.00 per share compared with the previous day’s N95.00 per share, Central Securities Clearing System (CSCS) Plc improved by N4.18 to sell at N70.00 per unit versus N65.82 per unit, and First Trust Mortgage Bank Plc increased by 14 Kobo to trade at N1.59 per share compared with the previous day’s N1.45 per share.
However, the share price of Geo-Fluids Plc depreciated by 27 Kobo at midweek to close at N3.27 per unit, in contrast to the N3.30 per unit it was transacted a day earlier.
At the midweek session, the volume of securities went down by 25.3 per cent to 8.7 million units from 11.6 million units, the value of securities decreased by 92.5 per cent to N80.7 million from N1.2 billion, and the number of deals slipped by 33.3 per cent to 32 deals from the preceding session’s 48 deals.
At the close of business, CSCS Plc remained the most traded stock by value on a year-to-date basis with 34.1 million units exchanged for N2.0 billion, trailed by Okitipupa Plc with 6.3 million units traded for N1.1 billion, and Geo-Fluids Plc with 122.0 million units valued at N478.0 million.
Resourcery Plc ended the trading session as the most traded stock by volume on a year-to-date basis with 1.05 billion units valued at N408.7 million, followed by Geo-Fluids Plc with 122.0 million units sold for N478.0 million, and CSCS Plc with 34.1 million units worth N2.0 billion.
By Dipo Olowookere
The bears consolidated their dominance on the Nigerian Exchange (NGX) Limited on Wednesday, inflicting an additional 0.09 per cent cut on the market.
At midweek, the market capitalisation of the domestic stock exchange went down by N73 billion to N124.754 trillion from the preceding day’s N124.827 trillion, and the All-Share Index (ASI) slipped by 114.32 points to 194,370.20 points from 194,484.52 points.
A look at the sectoral performance showed that only the consumer goods index closed in green, gaining 1.19 per cent due to buying pressure.
However, sustained profit-taking weakened the insurance space by 3.79 per cent, the banking index slumped by 2.07 per cent, the energy counter went down by 0.24 per cent, and the industrial goods sector shrank by 0.22 per cent.
Business Post reports that 25 equities ended on the gainers’ chart, and 54 equities finished on the losers’ table, representing a negative market breadth index and weak investor sentiment.
RT Briscoe lost 10.00 per cent to sell for N10.35, ABC Transport crashed by 10.00 per cent to N6.75, SAHCO depreciated by 9.98 per cent to N139.35, Haldane McCall gave up 9.93 per cent to trade at N3.99, and Vitafoam Nigeria decreased by 9.93 per cent to N112.50.
Conversely, Jaiz Bank gained 9.95 per cent to settle at N14.03, Okomu Oil appreciated by 9.93 per cent to N1,765.00, Trans-nationwide Express chalked up 9.77 per cent to close at N2.36, Fortis Global Insurance moved up by 9.72 per cent to 79 Kobo, and Champion Breweries rose by 5.39 per cent to N17.60.
Yesterday, 1.4 billion shares worth N46.2 billion were transacted in 70,222 deals compared with the 1.1 billion shares valued at N53.4 billion traded in 72,218 deals a day earlier, implying a rise in the trading volume by 27.27 per cent, and a decline in the trading value and number of deals by 13.48 per cent and 2.76 per cent, respectively.
Fortis Global Insurance ended the session as the busiest stock after trading 193.7 million units for N152.7 million, Zenith Bank transacted 120.7 million units worth N11.1 billion, Japaul exchanged 114.8 million units valued at N407.0 million, Ellah Lakes sold 98.4 million units worth N999.2 million, and Access Holdings traded 63.1 million units valued at N1.7 billion.
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