Economy
Profit-Taking Contract Nigerian Exchange by 0.10%
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited contracted by 0.10 per cent on Thursday on the back of mild profit-taking, especially in the insurance and consumer goods sectors.
Analysis of the price movement table showed that Prestige Assurance finished the trading session as the worst-performing stock after its value went down by 9.80 per cent to 46 Kobo. Caverton dropped 9.38 per cent to 87 Kobo, Sunu Assurances declined by 8.57 per cent to 32 Kobo, Unilever Nigeria lost 8.29 per cent to sell for N9.95, and Multiverse moderated by 8.23 per cent to N4.24.
With a 9.09 per cent growth, UPDC REIT finished the session as the best-performing equity, closing at N3.00. Trans Nationwide Express rose by 8.82 per cent to 74 Kobo, Champion Breweries expanded by 7.81 per cent to N3.45, Japaul gained 7.69 per cent to trade at 28 Kobo, and Cutix grew by 4.88 per cent to N2.15.
At the close of transactions, there were 20 depreciating stocks and nine appreciating stocks, indicating a negative market breadth and a weak investor sentiment.
The banking and the industrial goods sectors made efforts to extend the gains of the exchange yesterday by growing by 0.05 per cent and 0.01 per cent, respectively, but the losses posted by the three other counters outweighed them.
The insurance space lost 1.01 per cent, the energy index fell by 0.96 per cent, and the consumer goods sector depreciated by 0.21 per cent.
Consequently, the All-Share Index (ASI) decreased by 46.32 points to 44,236.70 points from 44,283.02 points, and the market capitalisation fell by N25 billion to N24.095 trillion from N24.120 trillion.
A total of 215.2 million stocks worth N1.9 billion exchanged hands in 3,389 deals on Thursday compared with the 155.4 million stocks worth N1.5 billion transacted in 3,796 deals on Wednesday, indicating a decline in the number of deals by 10.72 per cent, an increase in the trading volume by 38.45 per cent, and growth in the trading value by 24.86 per cent.
Access Holdings was the busiest equity during the session, selling 112.3 million units and was trailed by Transcorp, which sold 16.1 million units. Sterling Bank traded 12.3 million units, Fidelity Bank exchanged 9.3 million units, and Zenith Bank transacted 7.2 million units.
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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