Economy
NSE Index Sheds 0.08% on Profit-Taking, Trading Remains Upbeat
By Dipo Olowookere
The Nigerian Stock Exchange (NSE) closed bearish on Thursday as a result of profit-taking embarked upon by investors.
Investors quickly capitalised on the recent rise in stock value to take gains of equities in their portfolios, leaving the market to settle in the red territory at the close of business today.
The NSE marginally went down by 0.08 percent, shrinking the year-to-date return to 17.27 percent when market closed for the day.
However, despite the market closing lower today, trading volume on the floor of the exchange remained upbeat.
At the close of trading activities at the stock market on Thursday, investors bought and sold a total of 1.4 billion shares worth N10.7 billion executed in 11,355 deals. This is in contrast to the 960.8 million units traded on Wednesday in 8,866 deals valued at N12.5 billion.
Business Post reports that the All-Share Index (ASI) depreciated by 36.50 points to settle at 44,848.74 points, while the market capitalisation declined by N13 billion to finish at N16.1 trillion.
The biggest price loser at the market on Thursday was Nigerian Breweries, which depleted by N4.5k to close at N142 per share.
It was closely followed by Presco, which fell by N3.61k to end at N68.69k per share, and Unilever, which slumped by N2.2k to settle at N45 per share.
Lafarge went down by N2.1k to close at N51.99k per share, while NASCON declined by N1.52k to finish at N19.48k per share.
On the flip side, Nestle topped the gainers’ chart after adding N20 to its share value to settle at N1500 per share.
CCNN appreciated by N1.64k to close at N17.78k per share, while FBN Holdings went up by 99k to end at N14.75k per share.
GTBank rose by 96k to finish at N52.11k per share, while Guinness Nigeria increased by 55k to close at N120.25k per share.
The most traded equity at the stock market today was Transcorp, which sold a total of 211.3 million shares worth N553.6 million.
Wema Bank traded 157.9 million shares valued at N163.8 million, while FCMB transacted 143.6 million shares valued at N516.8 million.
Furthermore, FBN Holdings sold 141 million shares valued at N2.1 billion, while Diamond Bank exchanged 140.8 million shares worth N487.9 million.
According to some analysts, who spoke with Business Post at the close of market today, investors should not worry about today’s slight loss.
They argued that it was normal for some investors to take profit due to the recent boom at the market.
The stock market is predicted to rebound tomorrow, though new highs may not be recorded at the close of business on Friday.
Business Post gathered that today’s loss was the second in the year 2018.
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.
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.
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