Economy
Nigerian Stock Market Closes Mixed as ASI, Market Cap Move in Different Directions
By Dipo Olowookere
The All-Share Index (ASI) and the market capitalisation of the Nigerian Exchange (NGX) Limited moved in different directions on Monday.
Data showed that while the benchmark index depreciated by 0.04 per cent, the market capitalisation appreciated by 0.73 per cent as a result of the listing of 9.67 billion ordinary shares of Zenith Bank on the NGX during the session.
Business Post reports that the All-Share Index (ASI) was down by 41.70 points to 105,891.33 points from 105,933.03 points, while the market capitalisation was up by N477 billion to N66.069 trillion from N65.592 trillion.
It was observed that the banking sector came under selling pressure yesterday, causing its index to close lower by 0.95 per cent.
However, the others ended in the green territory on Monday due to the sustained buying interest, with the insurance space chalking up 1.53 per cent.
Further, the consumer goods industry improved by 0.10 per cent, the energy counter jumped by 0.09 per cent, and the industrial goods index appreciated by 0.08 per cent.
Investor sentiment remained strong during the trading day after Customs Street finished with 44 price gainers and 25 price losers, implying a positive market breadth index.
Stanbic IBTC gained 10.00 per cent to settle at N68.20, Smart Products Nigeria surged by 10.00 per cent to 22 Kobo, Beta Glass also grew by 10.00 per cent to N95.15, Honeywell Flour advanced by 9.98 per cent to N10.47, and Eterna soared by 9.96 per cent to N40.30.
On the flip side, International Energy Insurance shed 10.00 per cent to quote at N2.25, RT Briscoe crumbled by 9.63 per cent to N2.44, Julius Berger slipped by 8.44 per cent to N128.00, Deap Capital weakened by 8.26 per cent to N1.00, and DAAR Communications cracked by 7.41 per cent to 75 Kobo.
A total of 567.3 million stocks worth N10.4 million were transacted in 17,843 deals on the first vtrading day of the week versus the 468.2 million stocks valued at N13.2 billion traded in 12,612 deals last Friday.
This showed that the value of transactions declined by 21.21 per cent and a rise in the trading volume and number of deals by 21.17 per cent and 41.48 per cent, respectively.
Secure Electronic Technology sold 84.1 million shares worth N55.2 million to lead the activity chart on Monday, followed by Fidelity Bank with 67.8 million equities sold for N1.4 billion. Access Holdings exchanged 40.2 million stocks valued at N1.1 billion, UPDC traded 36.7 million equities worth N103.8 million, and AIICO Insurance transacted 27.2 million shares valued at N47.5 million.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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