Economy
NSE: Bulls Tighten Grip as Index Gains 0.46%
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) extended its gains yesterday by 0.46 percent after the All-Share Index (ASI) increased by 141.68 points to finish at 30,878.56 points and the market capitalisation went up by N53 billion to end at N11.515 trillion.
It was observed that the level activity at the local market on Wednesday improved as prices of shares continue to attract more investors.
At the close of transactions, the volume, value and number of trades rose by 52.96 percent, 21.47 percent and 2.68 percent respectively.
The volume of shares transacted at the nation’s bourse yesterday grew to 376.3 million from 246 million, the value jumped to N3 billion from N2.4 billion, while the number of deals appreciated to 3,409 from 3,320.
Business Post reports that the market breadth ended positive on Wednesday with 21 price gainers and 10 price losers.
GTBank emerged as the day’s biggest price gainer, appreciating by 90 kobo to close at N33 per share, while Stanbic IBTC gained 50 kobo to end at N47.50k per share.
Fidelity Bank appreciated by 20 kobo to finish at N2.29k per share, Zenith Bank also went up by 20 kobo to settle at N22 per share, while FBN Holdings rose by 10 kobo to quote at N7.40k per share.
Conversely, Forte Oil closed at the heaviest price loser, going down by 50 kobo to finish at N29.50k per share.
UAC of Nigeria went down by 40 kobo to close at N8.50k per share, while NEM Insurance declined by 11 kobo to end at N2.39k per share.
May & Baker dropped 6 kobo to finish at N2.39k per share, while Lafarge Africa fell by 5 kobo to close at N12.55k per share.
On Wednesday, Access Bank finally displaced Diamond Bank as the most traded stock, selling 155.8 million units of its shares for N875.2 million.
UBA exchanged 62.1 million equities worth N450.8 million, while FCMB traded 32.6 million shares valued at N63.3 million. Zenith Bank sold 31 million equities worth N678.8 million, while Fidelity Bank transacted 26.2 million equities worth N58.6 million.
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
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