By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange receded by 0.30 per cent on Tuesday, January 20 following sell-offs in five stocks on the unlisted stock trading platform.

The price losers were led by FrieslandCampina Wamco Nigeria Plc, which gave up N1.71 to sell at N72.00 per share compared with the N73.71 per share it traded a day earlier.

Further, Central Securities Clearing System (CSCS) Plc dropped 37 Kobo to close at N41.43 per unit versus Monday’s closing price of N41.80 per unit, Ge0-Fluids Plc lost 14 Kobo to trade at N7.00 per share compared with the previous day’s N7.14 per share, Afriland Properties Plc depreciated by 13 Kobo to trade at N14.60 per unit versus the N14.73 per unit it was exchanged a dy earlier, and UBN Property Plc declined by 11 Kobo to quote at N1.90 per share, in contrast to the preceding session’s N2.01 per share.

As a result, the market capitalisation went down by N6.5 billion to N2.187 trillion from N2.194 trillion, while the NASD Unlisted Security Index (NSI) depreciated by 10.86 points to 3,656.36 points from 3,667.22 points.

Business Post reports that yesterday, there was a price gainer, which was IPWA Plc. It gained 16 Kobo to end at N1.79 per unit versus N1.63 per unit.

During the trading day, the total value of transaction jumped by 137.5 per cent to N43.3 million from N18.2 million, while the volume of transactions decreased by 3.2 per cent to 2.6 million units from 2.7 million units, as the number of deals depreciated by 30.2 per cent to 30 deals from 43 deals.

At the close of trades, CSCS Plc was the most active stock by value on a year-to-date basis with 3.6 million units worth N145.6 million, trailed by MRS Oil Plc with 278.971 units valued at N55.7 million, and Geo-Fluids Plc with 7.6 million units sold for N51.9 million.

Geo-Fluids Plc maintained its position as the most active stock by volume on a year-to-date basis with 7.6 million units traded for N51.9 million, followed by CSCS  Plc with 3.6 million units transacted for N145.6 million, and Industrial and General Insurance (IGI) Plc with 3.1 million units valued at N1.9 million.

By Dipo Olowookere

The Nigerian Exchange (NGX) Limited returned to green territory on Tuesday after it chalked up 0.09 per cent on the back of renewed buying pressure.

The market regained strength yesterday despite profit-taking in the banking space, which caused its index to close lower by 0.69 per cent.

Business Post reports that insurance counter was up by 2.80 per cent, the energy sector appreciated by 2.40 per cent, the commodity segment grew by 1.22 per cent, and the consumer goods industry improved by 0.03 per cent, while the industrial goods counter closed flat.

At the close of transactions, the All-Share Index (ASI) went up by 144.32 points to 166,256.82 points from 166,112.50 points and the market capitalisation gained N93 billion to finish at N106.436 trillion compared with the N106.343 trillion it settled on Monday.

During the session, investors transacted 795.5 million equities valued at N20.0 billion in 45,410 deals versus the 629.6 million equities worth N14.8 billion executed in 57,858 deals a day earlier, indicating a rise in the trading volume and value by 26.35 per cent and 35.14 per cent apiece and a decline in the number of deals by 21.52 per cent.

Tantalizers was the busiest stock yesterday with a turnover of 87.0 million units valued at N300.9 million, Secure Electronic Technology traded 74.2 million units worth N87.6 million, a new member of the NGX, Zichis Agro Allied Industries, transacted 69.6 million units for N138.5 million, Zenith Bank sold 49.1 million units valued at N3.5 billion, and GTCO exchanged 39.1 million units worth N3.8 billion.

On Tuesday, the market breadth index was positive after Customs Street ended with 39 appreciating shares and 25 depreciating shares, representing a bullish investor sentiment.

Deap Capital, NPF Microfinance Bank, and Red Star Express gained 10.00 per cent each to sell for N5.39, N4.73, and N15.95 apiece, as NCR Nigeria soared by 9.97 per cent to N155.50, and Morison Industries also increased by 9.97 per cent to N6.84.

Conversely, Aluminium Extrusion lost 9.95 per cent to settle at N17.20, Jaiz Bank declined by 9.88 per cent to N7.21, FTN Cocoa shrank by 8.44 per cent to N7.05, UPDC decreased by 8.06 per cent to N5.70, and Caverton slumped by 5.59 per cent to N7.60.

By Adedapo Adesanya

Oil prices rose on Tuesday on the temporary suspension of output at Kazakhstan’s oil fields and expectations of firmer global economic growth that could drive fuel demand.

Brent futures chalked up 98 cents or 1.53 per cent to trade at $64.92 a barrel and the US West Texas Intermediate (WTI) crude contract for February, which expired on Tuesday, gained 90 cents or 1.51 per cent to close at $60.34 per barrel.

Kazakh oil producer Tengizchevroil said on Monday it had temporarily halted production at the Tengiz and Korolev oilfields after an issue affected power distribution systems.

The Chevron-operated joint venture operating the supergiant 700,000 barrels per day Tengiz field onshore Kazakhstan stated that it had suspended production as a “precautionary measure” after a fire broke out at the field’s power distribution systems.

Tengiz could be halted for another seven to 10 days, cutting crude exports via the Caspian Pipeline Consortium (CPC).

Market analysts noted that Tengiz is amongst the largest fields in the world and so the outage is certainly disruptive for crude flows.

The oil market also drew support from better-than-expected fourth-quarter Chinese gross domestic product data released on Monday as data showed that the economy of the world’s largest oil producer grew by 5 per cent last year and the country’s refinery throughput in 2025 climbed 4.1 per cent on a year-over-year basis, data showed on Monday. China’s crude oil output also grew 1.5 per cent.

Prices also gained on an upward revision of this year’s global economic growth estimate by the International Monetary Fund (IMF).

The IMF in its World Economic Outlook update forecast global GDP growth at 3.3 per cent in 2026, up ‌0.2 percentage point from its last estimate in October. That’s even with 3.3 per cent growth in 2025, which will also beat the October estimate by 0.1 percentage point.

The lender said that globally, inflation was forecast to continue to decline, ​from 4.1 per cent in 2025 to 3.8 per cent in 2026 and 3.4 per cent in 2027.

Investors continued to monitor US President Donald Trump’s tariff threats against European states that oppose his push to acquire Greenland.

The American president said he would impose additional 10 per cent levies from February 1 on goods imported from EU members Denmark, Finland, France, Germany, Sweden and the Netherlands, as well as Britain and Norway, rising to 25 per cent on June 1 if no deal on Greenland was reached.

President Trump’s tariff threats have a negative bearing on crude prices as the levies could lead to lower global economic growth and therefore reduce oil demand growth.