Economy
Stocks Open Week With 0.40% Loss at Nigerian Exchange
By Dipo Olowookere
The first trading session of the new week at the Nigerian Exchange (NGX) opened bearish on Monday by 0.40 per cent after investors embarked on profit-taking.
The situation left the market with 20 price losers with Stanbic IBTC as the worst-performing stock as its share price went down by 9.94 per cent to N43.50.
Guinness Nigeria on its part depreciated by 9.93 per cent to N26.75, Custodian Investment lost 8.40 per cent to close at N6.00, NAHCO fell by 7.73 per cent to N2.03, while PZ Cussons declined by 5.15 per cent to N4.60.
Business Post reports that a total of 15 equities closed in green with Japaul as the best-performing stock as its value went up by 9.52 per cent to settle at 69 kobo.
UAC Property gained 9.33 per cent to sell for 82 kobo, Africa Prudential rose by 8.33 per cent to N5.85, Royal Exchange also appreciated by 8.33 per cent to 39 kobo, while Sterling Bank improved by 7.69 per cent to N1.68.
Apart from the banking sector which gained 0.20 per cent and the industrial goods space which closed flat, every other sector closed in red yesterday.
The insurance counter depreciated by 0.80 per cent, the energy index went down by 0.12 per cent, while the consumer goods counter declined by 0.10 per cent.
At the close of transactions, the All-Share Index (ASI) lost 153.84 points to finish at 38,712.55 points as against the previous 38,866.39 points, while the market capitalisation went down by N75 billion to N20.260 trillion from N20.335 trillion.
There was an improvement in the level of activity on Monday as investors traded 194.0 million stocks worth N1.4 billion in 4,287 deals compared with the previous 160.6 million shares worth N1.3 billion traded in 3,507 deals. This signified that the trading volume went up by 20.75 per cent, the trading value rose by 6.51 per cent and the number of deals increased by 22.24 per cent.
Fidelity Bank was the most active stock yesterday because of the sale of 30.9 million units of its equities valued at N77.6 million by traders.
Chams transacted 29.5 million stocks worth N6.0 million, Access Bank exchanged 23.4 million shares for N189.0 million, FBN Holdings traded 11.3 million equities worth N82.6 million, while Mutual Benefits Assurance transacted 11.1 million equities valued at N4.3 million.
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
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.
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