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 Adedapo Adesanya
The duo of MRS Oil and FrieslandCampina Wamco Nigeria Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.68 per cent on Friday, June 5.
MRS Plc lost N19.00 during the session to sell at N171.00 per share compared with Thursday’s value of N190.00 per share, and FrieslandCampina Wamco Nigeria Plc depreciated by N8.70 to finish at N181.68 per unit compared with the preceding session’s N190.38 per unit.
As a result, the market capitalisation further lost N22.59 billion to close at N2.607 trillion versus the N2.630 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) dropped 37.76 points to settle at 4,358.32 points, in contrast to the previous day’s 4,396.08 points.
The alternative stock market closed the last trading day of this week with a price gainer, Central Securities Clearing System (CSCS) Plc, which gained 6 Kobo to quote at N78.40 per share compared with the preceding session’s N78.34 per share. However, it could not prevent the market from going down at the close of business.
Yesterday, the volume of securities bought and sold by investors went down by 50.0 per cent to 140,345 units from the preceding day’s 280,714 units, the value of stocks decreased by 16.5 per cent to N17.9 million from the previous session’s N21.5 million, and the number of deals carried out by market participants fell by 35.7 per cent to 27 deals from the 42 deals recorded on Thursday.
When trading activities closed for the day, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units exchanged for N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 64.7 million units traded for N4.4 billion.
GNI Plc also ended the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units valued at N415.7 million.
By Dipo Olowookere
Renewed interest in financial stocks and others lifted the Nigerian Exchange (NGX) Limited by 0.15 per cent on Friday.
Customs Street closed higher yesterday despite the 1.37 per cent loss recorded by the consumer goods sector as a result of profit-taking.
This was offset by gains in the other key sectors of the local bourse, as the insurance counter chalked up 1,14 per cent. The banking space appreciated by 0.90 per cent, the industrial goods segment grew by 0.46 per cent, and the energy sector expanded by 0.01 per cent.
Consequently, the All-Share Index (ASI) went up by 366.00 points to 242,593.31 points from 242,227.31 points, and the market capitalisation gained N235 billion to close at N155.594 trillion compared with the previous day’s N155.359 trillion.
The trio of International Energy Insurance, Abbey Mortgage Bank, and DAAR Communications improved by 10.00 per cent each yesterday to N7.26, N9.35, and N1.98, respectively, while Zichis advanced by 9.39 per cent to N32.38, with Sovereign Trust Insurance up by 8.70 per cent to N2.50.
On the flip side, Academy Press lost 9.84 per cent to quote at N8.25, University Press depreciated by 9.73 per cent to N5.10, Africa Prudential dipped by 2.63 per cent to N12.95, Chams crumbled by 2.44 per cent to N4.00, and International Breweries slipped by 1.59 per cent to N12.35.
Business Post reports that the market breadth index was positive during the session after recording 37 appreciating equities and 14 depreciating equities, implying strong investor sentiment.
Abbey Mortgage Bank led the activity chart with a turnover of 164.1 million units worth N1.5 billion, Ellah Lakes sold 76.7 million units for N767.2 million, Access Holdings transacted 44.8 million units valued at N1.1 billion, Linkage Assurance exchanged 23.0 million units worth N41.2 million, and The Initiates traded 20.2 million units for N562.1 million.
At the close of trades, market participants transacted 608.5 million units worth N32.0 billion in 53,826 deals versus the 588.5 million units valued at N27.9 billion executed in 57,352 deals in the previous session. This showed that the number of deals eased by 6.15 per cent, the volume of transactions rose by 3.40 per cent, and the value of transactions soared by 14.70 per cent.
By Adedapo Adesanya
The Naira further depreciated against the United States Dollar by N3.46 or 0.25 per cent to N1,362.21/$1 from N1,358.75/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, June 5.
However, it appreciated against the Pound Sterling in the same market window during the session by N4.47 to trade at N1,823.59/£1 compared with the previous day’s N1,828.06/£1, and gained N7.00 against the Euro to sell at N1,574.58/€1, in contrast to Thursday’s closing price of N1,581.58/€1.
For another trading session, the Nigerian Naira maintained stability against the Dollar in the parallel market and the GTBank forex counter on Friday at N1,375/$1 and N1,372/$1, respectively.
The Naira is expected to remain strong in the near term, backed by a rise in external reserves, which are nearing $50 billion, enhancing analysts’ confidence about its outlook in the second half of 2026.
Heightened global uncertainty has reduced the incentive for importers and corporates to demand FX, as cautious trade weighs on import needs. Analysts estimate a $40 billion net FX position for the year, a projection anchored in oil windfall gains.
As for the cryptocurrency market, prices remained depressed following a strong US jobs report that spurred markets to price in higher-for-longer interest rates, sending Treasury yields and the dollar up while hammering stocks, especially AI-related names. Crypto markets saw heavy leverage washouts with about $1.6 billion in positions liquidated over 24 hours.
Ethereum (ETH) gave up 4.9 per cent to trade at $1,584.68, Solana (SOL) fell by 3.3 per cent to $63.22, Bitcoin (BTC) crashed by 1.9 per cent to $61,333.23, Dogecoin (DOGE) slipped by 1.8 per cent to $0.0821, and Ripple (XRP) moderated by 1.8 per cent to $1.09.
Further, TRON (TRX) dropped 1.6 per cent to sell at $0.3197, Binance Coin (BNB) slumped by 1.0 per cent to $581.18, and Cardano (ADA) declined by 0.4 per cent to $0.1589, while the US Dollar Tether (USDT) gained 0.07 to sell at $0.9997, and US Dollar Coin (USDC) closed flat at $0.9998.
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