Economy
NSE: Market Breadth Remains Weak Despite 0.03% Rise
By Dipo Olowookere
Transactions on the floor of the Nigerian Stock Exchange (NSE) rebounded on Tuesday after enduring a two-day bearish run.
The equity market marginally rose by 0.03 percent after the All-Share Index (ASI) increased by 10.64 points to close at 38,924.63 points.
However, the market breadth ended weak yesterday despite the slight gain with the market closing with 21 gainers and 23 losers. A total of 91 equities participated in trading on the NSE platform on Tuesday.
At the close of market, the volume of shares exchanged improved by 31.97 percent from 350.595 million to 462.670 million, while the total value of stock transacted increased by 445.40 percent from N4.916 billion to N26.810 billion.
It was the Financial Services sector that led the activity chart yesterday with 305.57 million shares exchanged for N2.396 billion, while the Industrial Goods followed with 98.581 million shares exchanged for N23.417 billion.
Union Bank led the gainers’ chart with 10.01 percent share price appreciation, closing at N7.91k per share, and was followed by Diamond Bank, which rose by 7.14 percent to settle at N1.50k per share; and Berger Paints, which advanced by 4.9 percent to end at N7.71k per share.
Caverton grew by 4.55 percent on Tuesday to finish at N1.38k per share, while NASCON moved up by 4.06 percent to settle at N19.50k per share.
On the losing front, FCMB came out bottom with an end-of-day price depreciation of 4.69 percent to close at N1.22k per share, followed by Fidelity Bank, which depreciated by 4.64 percent to settle at N2.26k per share.
NAHCO declined by 4.64 percent to finish at N4.32k per share, Linkage Assurance shed 4.62 percent of its share price to close at 62k per share, while Sterling Bank went down by 4.59 percent to close at N1.4k per share.
Dangote Cement recorded the highest volume of 95.5 million traded shares, followed by Diamond Bank (51.17 million), FBN Holdings (49.94 million) and FCMB (48.09 million).
Business Post reports that yesterday’s marginal gain at the market pushed the year-to-date return to 44.84 percent, with the market capitalisation growing by N3 billion to settle at N13.6 trillion.
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.
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.”
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn