Economy
NGX Index Rebounds by 0.07% Amid Low Investors Participation
By Dipo Olowookere
Despite recording low investors participation, the Nigerian Exchange (NGX) Limited rebounded on Tuesday by 0.07 per cent mainly due to the repurchase of stocks offloaded a day earlier.
When the market opened for trading for the week on Monday, investors sold off Lafarge Africa, GTCO and others but yesterday, they quickly got them back because of the value they could offer in the short term, especially GTCO, which is expected to release it half-year numbers shortly.
The bargain-hunting helped the market to regain its feet, though investor sentiment was slightly low as there were 17 price gainers and 18 price losers at the close of business.
However, this did not stop the All-Share Index (ASI) from rising by 25.99 points to settle at 39,460.68 points compared with Monday’s 39,434.69 points. Also, the market capitalisation improved by N14 billion to N20.560 trillion from N20.546 trillion.
Data from the exchange showed that Morison Industries closed the session as the best-performing stock with a price appreciation of 10.00 per cent to N1.54.
Regency Alliance grew by 9.52 per cent to 46 kobo, Tripple Gee gained 9.09 per cent to sell at 96 kobo, Consolidated Hallmark Insurance rose by 8.51 per cent to 51 kobo, while Jaiz Bank closed 6.90 per cent higher to quote at 62 kobo.
At the other end, FTN Cocoa gave up its previous day’s gains to trade at 40 kobo after losing 9.09 per cent. Courtville went down by 8.82 per cent to 31 kobo, Sovereign Trust Insurance lost 8.00 per cent to trade at 23 kobo, UAC Nigeria depreciated by 6.55 per cent to N10.70, while Multiverse fell by 4.76 per cent to 20 kobo.
Business Post reports that during the session, a total of 196.8 million stocks worth N1.5 billion were traded in 3,881 deals in contrast to the 211.3 million stocks worth N2.0 billion transacted in 3,939 deals on Monday, indicating a decline in the trading volume, value and number of deals by 6.87 per cent, 28.37 per cent and 1.47 per cent respectively.
At the close of the trades, Courtville finished as the most active stock with the sale of 22.5 million units valued at N7.3 million, followed by Sovereign Trust Insurance with 21.3 million units worth N5.1 million.
Wema Bank transacted 16.9 million shares worth N14.6 million, UBA traded 15.5 million equities valued at N116.9 million, while GBN Holdings exchanged 10.8 million stocks for N80.6 million.
In terms of the performance of the five major sectors of the market, it swayed to the green territory as three closed higher, with the industrial goods, banking and consumer goods counters rising by 0.13 per cent, 0.12 per cent and 0.08 per cent respectively, while the insurance and energy sectors lost 0.43 per cent and 0.19 per cent apiece.
Economy
Wems BO Plans Personal Finance Retreat to Empower Nigerians
By Adedapo Adesanya
Financial educator and coach, Mrs Wemimo “Wems BO” Bolu-Opaniran, is set to host the maiden edition of the Wems BO Personal Finance Retreat 1.0, a weekend event aimed at helping participants improve their financial literacy and develop practical money management skills.
According to a statement, the retreat is designed to make personal finance engaging and accessible through interactive sessions, games, networking opportunities, and one-on-one coaching sessions.
The organisers said the event will focus on providing attendees with practical and actionable financial knowledge rather than conventional lecture-style teaching.
“Come and unravel financial wisdom and leave with a practical and concrete action plan,” the organisers stated in a statement.
Activities lined up for the retreat include interactive finance sessions, networking opportunities, personal finance workbooks, games and activities, food and souvenirs, as well as three months of exclusive access to the event replay.
Speaking on the rationale for organising the event, Wems BO noted that lack is primarily not always the reason people have bad finances, but often, money culture is.
“The way one sees and treats money has been a development from years and decades past. So, what to do about money is not the solution. It is mindset, defaults and motivations shaping decisions.
The solution is an inner inquiring on why you do what you do, beyond money. Understanding who you are, then beginning to drive decisions that make you grow, manage and scale your finances in a way that aids the life you want,” she told Business Post.
Participants will also have the opportunity to receive one-on-one coaching with the finance guru.
The event is scheduled to be held from Friday, July 17 to Saturday, July 18, 2026, at an in-house venue on Lagos Mainland.
Ticket prices were pegged at N40,000 for individual attendees and N76,000 for duo tickets, with organisers noting that limited slots remain available.
Interested participants can register through the official registration link.
Economy
Unlisted Securities Index Rises 0.91%
By Adedapo Adesanya
A 0.91 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Friday, May 22, after the share prices of four securities ended in green.
According to data, FrieslandCampina Wamco Plc went up by N15.61 to N179.67 per share from N164.06 per share, Newrest Asl Plc grew by N6.11 to N67.26 per unit from N61.15 per unit, Food Concepts Plc appreciated by 17 Kobo to N2.75 per share from N2.58 per share, and Nitrox Industrial Gases Plc added 6 Kobo to sell at N25.50 per unit compared with the previous day’s N25.44 per unit.
At the close of business, the market capitalisation chalked up N23.22 billion to settle at N2.561 trillion versus Thursday’s N2.538 trillion, and the NASD Unlisted Security Index (NSI) increased by 38.81 points to 4,281.28 points from 4,242.47 points.
During the session, the price of Central Securities and Clearing System (CSCS) Plc was down by N3.13 to N71.07 per share from N74.20 per share.
The activity chart showed that the volume of securities transacted by the market participants decreased yesterday by 81.6 per cent to 590,339 units from the 3.2 million units recorded on Thursday, as the number of deals shrank by 28.6 per cent to 30 deals from the 42 deals recorded a day earlier, while the value of securities increased by 0.5 per cent to N95.3 million from the preceding session’s N94.8 million.
Great Nigeria Insurance (GNI) Plc closed the day as the most active stock by value on a year-to-date basis, with a turnover of 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 61.2 million units traded for N4.1 billion.
The most active stock by volume on a year-to-date basis was GNI Plc, with the sale of 3.4 billion units for N8.4 billion, followed by Infracredit Plc with 2.3 billion units valued at N6.5 billion, and Resourcery Plc with 1.1 billion units exchanged for N415.7 million.
Economy
Stock Investors Gain N344bn amid Decline in Transactions
By Dipo Olowookere
The Nigerian Exchange witnessed a decline in transactions on Friday despite closing higher by 0.22 per cent on the back of sustained bargain-hunting.
During the last trading session of the week, investors transacted 711.9 million equities valued at N29.1 billion in 62,386 deals compared with the 1.1 billion equities worth N31.0 billion traded in 62,448 deals in the previous day, indicating a decline in the trading volume, value, and number of deals by 35.28 per cent, 6.13 per cent, and 0.10 per cent, respectively.
Fidelity Bank closed the day as the most active stock with the sale of 198.1 million units for N4.6 billion, Access Holdings traded 69.7 million units worth N1.8 billion, Mutual Benefits exchanged 42.7 million units valued at N197.4 million, Japaul transacted 33.9 million units worth N134.4 million, and Zenith Bank sold 24.4 million units valued at N3.2 billion.
Yesterday, the industrial goods index rose by 0.53 per cent, the consumer goods sector jumped 0.28 per cent, the banking industry improved by 0.25 per cent, and the energy counter soared by 0.18 per cent, while the insurance space shed 0.18 per cent.
At the close of business, the All-Share Index (ASI) gained 536.98 points to finish at 249,712.37 points compared with the previous day’s 249,175.39 points, and the market capitalisation grew by N344 billion to N160.077 trillion from N159.733 trillion.
Aluminium Extrusion and DAAR Communications expanded by 10.00 per cent each to sell for N9.90 and N2.09, respectively, RT Briscoe surged by 9.93 per cent to N14.06, Learn Africa increased by 9.79 per cent to N12.90, and Red Star Express advanced by 9.56 per cent to N34.95.
On the flip side, Trans-Nationwide Express depreciated by 9.92 per cent to N5.72, Livestock Feeds dipped by 9.64 per cent to N8.90, The Initiates crashed by 8.65 per cent to N33.80, Ellah Lakes drowned by 8.64 per cent to N10.05, and Neimeth lost 6.36 per cent to trade at N10.30.
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