Economy
NASD Unlisted Security Index Rises 0.15%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the opening session of the new week in positive territory as it rose by 0.15 per cent on Monday, January 29.
The unlisted securities market was elevated yesterday through the support provided by the duo of Food Concepts Plc and Afriland Property Plc, overpowering the attempts by Central Securities Clearing System (CSCS) Plc and FrieslandCampina WAMCO Nigeria Plc to pull down the market.
At the close of transactions, the NASD market capitalisation increased by N2.11 billion to N1.390 trillion from the N1.388 trillion achieved last Friday, while the NASD Unlisted Security Index (NSI) appreciated by 1.56 points to end the day at 1,025.64 points as against the 1,024.08 points recorded in the previous session.
Food Concepts Plc gained 18 Kobo during the session to sell at N2.02 per share versus the previous session’s N1.84 per share, and Afriland Properties Plc grew by 16 Kobo to close at N3.96 per unit compared to the last closing price of N3.80 per unit.
On the flip side, CSCS Plc depreciated by 45 Kobo to trade at N19.55 per share, in contrast to the preceding day’s N20.00 per share, and FrieslandCampina Wamco lost 32 Kobo to close at N78.10 per unit versus last Friday’s N78.42 per unit.
Investors exchanged 4.3 million units of shares at the NASD yesterday, 744 per cent higher than the 505,353 units of shares transacted by market participants in the previous session.
Equally, there was a northward movement in the value of shares traded at the bourse by 411.9 per cent to N16.0 million from N3.1 million, while the number of deals decreased by 43.5 per cent to 13 deals from the 23 deals carried out in the previous trading session.
IPWA Plc was the most traded stock by volume (year-to-date) with 48.9 million units valued at N24.4 million, UBN Property Plc was in second place with 34.0 million units sold for N59.4 million, and Geo-Fluids was in third place with 30.1 million units worth N73.6 million.
Aradel Plc ended the day as the most traded stock by value (year-to-date) with 351,635 units sold for N455.2 million, FrieslandCampina occupied the second spot with 2.2 million units valued at N170.2 million, and Geo-Fluids Plc was in third place with 30.1 million units worth N73.6 million.
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
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