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Economy

NSE Index Closes 0.07% Lower Despite Gains in Consumer Goods Sector

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NSE All-Share Index

By Dipo Olowookere

Trading activities were bearish on Thursday, no thanks to the banking and energy sectors, which weakened the market further by 0.07 per cent.

Sell-offs in the aforementioned sectors kept the bears in control of the market despite the efforts made by the consumer and insurance sectors to bring back the bulls.

The insurance and consumer goods sectors grew by 1.28 per cent and 0.07 per cent respectively, but the 0.36 per cent decline by the banking sector and the 0.19 per cent fall by the energy sector left investors in a bad state. The industrial goods counter was flat yesterday.

As a result of the domineering power of the bears, the All-Share Index (ASI) was reduced by 16.96 points to 25,533.35 points from 25,550.31 points, while the market capitalisation was shortened by N9 billion to N13.344 trillion from N13.353 trillion.

Dangote Sugar was the heaviest price decliner of the day, losing 70 kobo to close at N11.20 per share and was trailed by Custodian Investment, which lost 25 kobo to sell for N4.55 per unit.

Caverton depreciated by 16 kobo to quote at N1.70 per share, Ecobank went down by 10 kobo to sell for N3.95 per share, while FBN Holdings declined by 5 kobo to finish at N4.90 per share.

On the gainers’ chart, International Breweries topped with a price appreciation of 30 kobo to settle at N3.30 per share and was followed by Flour Mills, which gained 30 kobo to finish at N19.80 per unit.

Cadbury Nigeria also gained 30 kobo to sell for N7.40 per share, NPF Microfinance Bank appreciated by 10 kobo to end at N1.30 per unit, while GTBank moved up by 5 kobo to N25 per share.

The activity chart was mixed yesterday with the trading volume rising by 9.15 per cent and the trading value and number of deals down by 13.34 per cent and 7.97 per cent respectively.

A total of 231.2 million shares worth N2.1 billion exchanged hands in 3,360 deals on Thursday compared with the 211.8 million stocks worth N2.4 billion transacted in 3,651 deals on Wednesday.

FBN Holdings was the most traded stock with 33.5 million units sold for N165.4 million and was trailed by Access Bank, which traded 30.4 million shares for N200.1 million.

Zenith Bank transacted 25.1 million equities worth N418.0 million, FCMB exchanged 20.6 million stocks valued at N42.1 million, while GTBank traded 20.3 million shares for N506.3 million.

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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