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Economy

Nigerian Stocks Sustain Rally, Gain 1.01% Thursday

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Nigerian Stocks

By Dipo Olowookere

It was another positive trading session on Thursday on the floor of the Nigerian Stock Exchange (NSE) as the market closed 1.01 percent higher, extending the 1.09 percent gains posted in the previous session.

Renewed bargain hunting was witnessed at yesterday’s session, helped to reduce the year-to-date loss to 12.09 percent at the close of transactions.

On Thursday, the All-Share Index (ASI) further increased by 276.72 points to finish at 27,629.66 points, while the market capitalisation jerked up by N135 billion to settle at N13.442 trillion.

However, with the gains posted yesterday, the level of activity depreciated as seen in the volume and value of transactions recorded on the local bourse.

The volume of shares decreased by 25.10 percent to 272.6 million from 364.0 million, while the value of the trades went down by 0.40 percent to N4.50 billion from N4.52 billion.

The trades were dominated by financial stocks with a turnover of 162.7 million units worth N2.4 billion, while equities in the conglomerates sector traded 38.3 million units valued at N67 million.

A further analysis showed that Zenith Bank emerged as the most active stock at the market yesterday with 54.3 million units sold for N977.5 million.

GTBank exchanged 38.2 million worth N1.0 billion, Transcorp traded 32.1 million shares for N34.1 million, Flour Mills traded 20.4 million equities worth N275.7 million, while Ecobank transacted 18.2 million shares valued at N135.0 million.

On the price movement chart, Nestle Nigeria maintained its position as the highest price gainer, appreciating by N20 yesterday to settle at N1220 per share.

MTN Nigeria strengthened its share value by N2 to finish at N138 per unit, Dangote Cement gained N1 to close at N167 per share, Stanbic IBTC appreciated by 70 kobo to end at N35 per share, while Ecobank gained 65 kobo to close at N7.50k per unit.

At the other side, Okomu Oil topped the losers’ chart after depreciating by N4.35k to finish at N40.15k per unit, with MRS Oil following with a N2.05k decline to end at N18.80k per share.

Unilever Nigeria went down by 90 kobo to close at N27 per share, NCR depreciated by 55 kobo to end at N4.95k per unit, while UPL declined by 16 kobo to settle at N1.44k per share.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

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.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

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.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

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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