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Economy

NSE: Investors Gain N88b as Value of Traded Stocks up by 184%

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NSE Investors

By Modupe Gbadeyanka

The value of equities transacted on the floor of the Nigerian Stock Exchange (NSE) significantly rose on Friday, growing by 184 percent.

However, the total volume of stocks traded by investors depreciated by 8.7 percent at the close of trading activities on Friday.

Business Post reports that a total of 753.3 million shares worth N11 billion were exchanged yesterday in 7,253 deals in contrast to 825 million equities bought and sold on Thursday by investors in 6,220 deals valued at N3.9 billion.

But gains recorded by blue chips yesterday lifted the local stock market by 0.64 percent as investors continue to express confidence in the market as a result of the positive performance achieved last year.

When transactions ended at the stock market on Friday, the All-Share Index (ASI) increased by 247.14 points to settle at 38,923.26 points, while the market capitalisation appreciated by N88 billion to finish at N13.852 trillion.

Furthermore, the year-to-date return stood at 1.78 percent with the market breadth closing positive with 40 price gainers and nine price losers.

Our correspondent reports further that Nigerian Breweries led the gainers’ table yesterday with N2.10k added to its share price to close at N138.10k per share.

Unilever followed with a gain of N1.99k to end at N41.85k per share, while Forte Oil rose by N1.90k to finish at N46 per share.

In addition, Guinness Nigeria increased by N1.60k to settle at N95.60k per share, while Flour Mills of Nigeria added N1.43k to wrap the day at N31.88k per share.

On the other hand, top salt refiner, National Salt (NASCON Allied Industries Plc) led the losers’ chart with a loss of 61k to close at N20.18k per share.

PZ Industries followed with a loss of 40k to finish at N20 per share, while United Bank for Africa went down by 24k to end at N11 per share.

FBN Holdings fell by 23k to close at N9.28k per share, while Dangote Sugar drowned by 10k to settle at N21.85k per share.

The most traded equity at the stock market yesterday was Transcorp, transacting a total of 171.7 million shares worth N314.80 million.

It was trailed by Diamond Bank, which traded 89.7 million shares valued at N179.6 million, and FCMB, which exchanged 86.5 million shares for N172 million.

Zenith Bank sold N47.4 million shares worth N1.3 billion, while Fidelity Bank transacted 43.6 million shares valued at N129 million.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Economy

Nigerian Exchange All-Share Index Hits 126,000-point Level

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Customs Street Nigerian Stock Exchange

By Dipo Olowookere

A day after crossing the 124,000-point threshold, the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited hit another milestone on Friday after it closed higher by 1.37 per cent.

Business Post reports that the benchmark index of Customs Street finished at 126,149.59 points after adding 1,702.79 points to the 124,446.80 points it ended a day earlier.

Equally, the market capitalisation of the Nigerian bourse, which measures the total value of stocks on the platform, went up by N1.077 trillion to N79.803 trillion from N78.726 trillion.

At the trading session, 65 equities ended on the gainers’ chart and 25 equities finished on the losers’ table, indicating a positive market breadth index and strong investor sentiment.

Guinness Nigeria, Cadbury Nigeria, Consolidated Hallmark, and NEM Insurance all gained 10.00 per cent each to close at N96.80, N60.50, N3.63, and N22.00 apiece, and Red Star Express improved by 9.98 per cent to N13.44.

Conversely, Learn Africa depreciated by 8.66 per cent to N6.01, Tantalizers shed 6.25 per cent to settle at N3.00, Prestige Assurance slumped by 6.02 per cent to N1.25, Regency Alliance crashed by 5.62 per cent to 84 Kobo, and Oando lost 4.61 per cent to close at N51.70.

The NGX recorded a turnover of 1.4 billion shares traded for N30.6 billion in 33,399 deals on Friday compared with the 1.3 billion shares worth N27.7 billion traded in 27,875 deals on Thursday, implying an increase in the trading volume, value, and number of deals by 7.69 per cent, 10.47 per cent, and 19.82 per cent, respectively.

Access Holdings led the activity chart with 172.9 million units sold for N4.2 billion, Ellah Lakes traded 144.9 million units valued at N1.8 billion, Japaul exchanged 138.7 million units worth N498.8 million, UBA transacted 73.0 million units worth N3.2 billion, and AIICO Insurance traded 60.7 million units worth N135.7 million.

A look at the sectorial performance indicated that the banking index grew by 5.61 per cent, the insurance counter rose by 3.78 per cent, and the industrial goods sector expanded by 1.69 per cent.

However, the energy space depreciated by 0.49 per cent, the consumer goods industry went down by 0.23 per cent, and the commodity sector slipped by 0.02 per cent.

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Economy

Unlisted Securities Investors Gain N5.27bn

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unlisted securities bourse

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange ended the last trading session of this week with a 0.26 per cent gain on Friday, July 11, helped by renewed buying interest by investors.

This increased their portfolios by N5.27 billion during the session, with the market capitalisation of the bourse closing at N2.01 trillion compared with the N2.005 trillion it ended at the preceding session.

In the same vein, the NASD Unlisted Security Index (NSI) expanded yesterday by 9.01 points to settle at 3,433.20 points, in contrast to the 3,424.19 points it finished a day earlier.

It was observed that the volume of securities traded by the market participants went down by 12.6 per cent to 2.7 million units from the 3.08 million units transacted on Thursday.

However, the value of securities transacted by investors appreciated by 55.6 per cent to N38.9 million from N25.1 million, and the number of deals executed jumped by 9.7 per cent to 34 deals from the 31 deals deals completed on Thursday.

Okitipupa Plc finished the day as the most traded stock by value (year-to-date) with 153.8 million units worth N4.9 billion, Air Liquide Plc occupied the second spot with 507.2 million units sold for N4.2 billion, and the third place was taken by FrieslandCampina Wamco Nigeria Plc with 42.2 million units valued at N1.8 billion.

Impresit Bakolori Plc also closed as the most active stock by volume (year-to-date) with 536.9 million units traded for N524.8 million, followed by Air Liquide Plc with 507.2 million units sold for N4.2 billion, and Geo-Fluids Plc with 270.6 million units worth N486.0 million.

The single price loser for the session was Geo-Fluids Plc as its price depleted by 20 Kobo to N4.59 per share from N4.79 per share.

But, Air Liquide Plc gained 98 Kobo to close at N10.92 per unit versus N9.94 per unit, Central Securities Clearing System (CSCS) Plc grew by 56 Kobo to N33.00 per share from N32.44 per share, FrieslandCampina Wamco Nigeria Plc increased by 47 Kobo to N64.36 per unit from N63.89 per unit, Lagos Building Investment Company (LBIC) Plc rose by 30 Kobo to N3.38 per share from N3.08 per share, and UBN Property Plc soared by 19 Kobo to N2.10 per unit from N1.91 per unit.

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Economy

Naira Weakens to N1,531 Per Dollar at Official Market

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Naira-for-Crude

By Adedapo Adesanya

It was another bad day for the Nigerian Naira in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday as its value further weakened against the US Dollar.

Data harvested by Business Post showed that it lost N4.50 or 0.29 per cent against the greenback during the trading session to finish at N1,531.10/$1 compared with the N1,526.60/$1 it was exchanged on Thursday.

However, the Nigerian currency appreciated against the Pound Sterling in the same official market yesterday by N31.10 to close at N2,066.31/£1 compared with the previous day’s N2,070.29/£1 and gained N5.95 on the Euro to sell for N1,783.57/€1, in contrast to the N1,787.66/€1 it was traded a day earlier.

In the black market, the Naira weakened against the United States currency on Friday by N5 to quote at N1,535/$1 versus the N1,530/$1 it was transacted in the preceding trading day.

After initial volatility in the first half of the year, the Naira has showed stability even as global oil prices declined, a sharp contrast to its previous fundamentals and this is expected to continue amid rising FX reserves.

Recent data from early July indicates a slight improvement in the country’s FX reserves, primarily attributed to enhanced foreign portfolio investment (FPI) inflows; however, the trajectory of reserves remains susceptible to external headwinds.

The reduced FX demand pressures, particularly due to a slowdown in import trade-related outflows are also expected to provide support.

Also, there are early signs that import-related FX demand is beginning to recover in the past few days.

Also, the Naira appreciated by 3.5 per cent in June 2025, to close at N1,532.0 per Dollar at the official window driven by improved market sentiment.

Meanwhile, the cryptocurrency market firmed up yesterday, with Ripple (XRP) chalking up 6.9 per cent to sell at $2.76, as traders look for regulatory clarity and practical adoption. This week, Ripple Labs’ CEO, Mr Brad Garlinghouse, argued for clearer crypto regulations at the US Senate Banking Committee.

Regulation could be beneficial for the token which has positioned itself an institutional-grade cryptocurrency rather than other speculative assets.

Further, Cardano (ADA) added 1.9 per cent to trade at $0.7132, Dogecoin (DOGE) jumped by 1.5 per cent to $0.2009, and Binance Coin (BNB) appreciated by 0.9 per cent settle at $692.79.

On the flip side, Litecoin (LTC) declined by 2.2 per cent to $93.04, Ethereum (ETH) went down by 0.9 per cent to $2,963.58, Solana (SOL) slipped by 0.7 per cent to $162.95, and Bitcoin (BTC) dropped 2.4 per cent to close at $111,412.99, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.

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