Economy
Nigerian Stocks Close 0.30% Higher Amid Negative Sentiment
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) closed 0.30 percent higher on Monday despite the market breadth, which measures the mood of investors, closing negative.
The equity market ended the session with 15 price gainers as against the 19 price losers led by Guinness Nigeria, Access Bank and other top stocks.
The gains printed by the market yesterday was influenced by MTN Nigeria, which added N4 to its share value to settle at N116 per unit.
Ardova gained N1.15 to close at N12.70 per share, Dangote Sugar rose by 35 kobo to N12.80 per share, UAC Nigeria appreciated by 30 kobo to sell at N7.20 per share, while Union Bank grew by 25 kobo to trade at N7 per unit.
At the other side, Guinness Nigeria topped the losers’ chart for losing 90 kobo to trade at N17.50 per share, while Access Bank depleted by 50 kobo to N6.10 per unit.
Lafarge lost 50 kobo to quote at N10.30 per unit, UBA fell by 25 kobo to sell at N5.80 per share, while NEM Insurance declined by 22 kobo to N1.98 per unit.
Monday was the first day most businesses resumed operations at their physical offices after a 5-week lockdown was eased by the federal government.
On March 30, 2020, residents of Abuja, Lagos and Ogun States were ordered to remain indoors as part of efforts to contain the spread of the deadly coronavirus disease. But yesterday, the restriction was eased.
At the stock exchange, where most trading activities are still being down remotely, the level of activity was mixed on Monday.
Business Post reports that 249.9 million shares worth N2.4 billion were traded in 6,538 deals compared with the 359.5 million equities valued at N3.3 billion transacted in 4,946 deals at the previous trading day.
This indicated a rise in the number of deals by 32.19 percent and a decline in the volume and value of shares by 30.49 percent and 26.46 percent respectively.
Interest in banking stocks still remained high like in the previous sessions and GTBank ended as the most active with 44.5 million units traded for N935.2 million.
FBN Holdings transacted 40.7 million shares worth N187.4 million, UBA exchanged 24.8 million stocks for N144.6 million, Zenith Bank transacted 22.9 million equities valued at N328.5 million, while Access Bank traded 14.5 million shares valued at N89.4 million.
A look at the sectoral performance showed that only the oil/gas index and the consumer goods index closed positive yesterday by 0.65 percent and 0.15 percent respectively.
Every other sector ended negative, with the insurance sector declining by 1.95 percent, the industrial goods space lost 1.31 percent, while the banking counter fell by 1.21 percent.
However, the benchmark index, which is the All-Share Index (ASI), increased by 68.85 points to 23,089.86 points from 23,021.01 points, while the market capitalisation appreciated by N35 billion to N12.033 trillion from N11.998 trillion.
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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