Economy
Nigerian Bourse Records Low Turnover as Appetite for Stocks Wanes
By Dipo Olowookere
Transactions at the Nigerian bourse last week were bearish as the appetite for stocks waned, with investors reacting to various happenings around them, causing some of them to take a second thought on investments in the asset class to try less risky investments like bonds, treasury bills and others.
In the four-day trading week due to the public holiday on Monday to celebrate June 12 Democracy Day, the Nigerian Exchange (NGX) depreciated by 2.68 per cent week-on-week as the All Share Index (ASI) finished at 51,778.08 points compared with the previous week’s 53,201.38 points while the market capitalisation depreciated to N27.914 trillion from the preceding week’s N28.681 trillion.
Similarly, all other indices finished lower with the exception of the growth index which appreciated at 2.79 per cent, while the Asem index closed flat.
The week was marred with low trading activities as traders only transacted 940.892 million shares worth N11.494 billion in 20,077 deals in contrast to the 1.831 billion shares worth N19.494 billion transacted in 21,723 deals a week earlier.
Like in the preceding weeks, financial stocks dominated the activity chart with the sale of 692.325 million units worth N6.220 billion in 10,615 deals, accounting for 73.58 per cent and 54.12 per cent of the total weekly trading volume and value respectively.
Conglomerates equities trailed with 89.872 million units worth N246.063 million in 764 deals, while consumer goods shares posted a turnover of 54.227 million units worth N1.232 billion in 2,923 deals.
UBA, Sterling Bank and Transcorp were the busiest stocks in the week, trading 304.837 million units valued at N1.285 billion in 2,103 deals, contributing 32.39 per cent and 11.18 per cent to the total trading volume and value respectively.
A look at the price movement index showed that only 13 equities were on the gainers’ table compared with the previous week’s 29 equities. The losers’ gang had 51 stocks in the week under consideration as against the 36 stocks of the earlier week, while 92 shares remained unchanged, higher than the 91 shares of the preceding week.
Learn Africa posted a 15.74 per cent gain to sell for N2.50, Sunu Assurances appreciated by 9.37 per cent to 35 kobo, Tripple Gee rose by 9.20 per cent to 95 kobo, Ellah Lakes increased its value by 8.40 per cent to N4.00, while Livingtrust Mortgage Bank grew by 5.26 per cent to N1.20.
At the other end, Livestock Feeds lost 16.88 per cent to trade at N1.33, International Breweries depreciated by 14.97 per cent to N6.25, Cutix dropped 10.74 per cent to N2.41, Meyer fell by 10.00 per cent to N2.79, while Conoil also decreased by 10.00 per cent to N28.80.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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