Economy
Stock Market Rebounds by 0.06% as NAHCO Tops Gainers’ Chart
By Dipo Olowookere
Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday after closing 0.06 per cent higher on the back of renewed bargain hunting.
It was observed that investors showed interest in the shares of GTCO, Stanbic IBTC, Lafarge Africa and Oando, resulting in the positive performance of the stock market yesterday.
However, NAHCO topped the gainers’ chart at the close of business after its value rose by 10.00 per cent to N3.52 and was trailed by Pharma Deko, which grew by 9.55 per cent to N1.95.
Veritas Kapital appreciated by 9.52 per cent to 23 kobo, Cornerstone Insurance gained 9.43 per cent to trade at 58 kobo, while Chams improved by 4.76 per cent to 22 kobo.
On the flip side, Sovereign Trust Insurance topped the losers’ chart after it went down by 4.17 per cent to 23 kobo, UPDC lost 3.68 per cent to sell for N1.83, Ecobank declined by 2.83 per cent to N5.15, Transcorp went down by 2.17 per cent to 90 kobo, while Prestige Assurance fell by 2.08 per cent to 47 kobo.
Business Post reports that apart from the banking index, which decreased by 0.19 per cent, every other sector closed positive yesterday, with the insurance space rising by 0.90 per cent.
The oil/gas sector appreciated by 0.68 per cent, the consumer goods counter improved by 0.08 per cent, while the industrial goods sector went up by 0.01 per cent.
At the close of business, the All-Share Index (ASI) increased by 21.44 points to 38,874.13 points from 38,852.69 points, while the market capitalisation rose by N11 billion to N20.254 trillion from N20.243 trillion.
In spite of the gains achieved on Thursday, the level of activity waned as the trading volume went down by 19.24 per cent to 125.8 million shares from 155.8 million shares, the trading value reduced by 16.17 per cent to N1.3 billion from N1.5 billion, while the number of deals dropped 8.17 per cent to 2,990 deals from 3,256 deals.
Mutual Benefits Assurance was the most traded stock as it transacted 13.7 million units valued at N4.1 million and was trailed by United Capital, which sold 11.5 million units worth N97.6 million.
GTCO exchanged 10.0 million shares valued at N270.9 million, Zenith Bank sold 9.2 million equities worth N210.5 million, while Transcorp transacted 7.6 million stocks valued at N6.9 million.
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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