Economy
Three Equities Contribute 87.91% to NSE’s Weekly Turnover
By Dipo Olowookere
The All-Share Index (ASI) and market capitalisation of the Nigerian Stock Exchange (NSE) further depreciated by last week by 0.65 percent and 0.59 percent respectively to close the week at 29,851.29 points and N13.155 trillion apiece.
All other indices finished higher with the exception of the NSE-Main Board Index, NSE Premium
Index, NSE MERI Growth Index, NSE Consumer Goods Index and NSE Lotus II which depreciated by 0.49 percent, 0.77 percent, 0.83 percent, 1.64 percent and 1.54 percent respectively while NSE ASeM Index closed flat.
In the week, the market recorded a total turnover of 7.5 billion shares worth N91.1 billion were executed in 17,192 deals by investors on the floor of the exchange in contrast to a total of 868.7 million shares valued at N15.8 billion that exchanged hands the previous week in 12,201 deals.
Stocks in the financial services sector led the activity chart with 6.1 billion units valued at N17.5 billion traded in 8,479 deals, contributing 81.87 percent and 19.16 percent to the total equity turnover volume and value respectively.
Equities in the oil and gas industry followed with one billion units worth N65.1 billion in 2,019 deals, with shares in the ICT sector churning out a turnover of 115.3 million units worth N3.4 billion in 866 deals.
Trading in Wema Bank, Forte Oil and Zenith Bank accounted for 6.6 billion shares worth N77.5 billion in 2,895 deals, contributing 87.91 percent and 85.06 percent to the total equity turnover volume and value respectively.
A total of 34 equities appreciated in price during the week, higher than 19 in the previous week, while 33 equities depreciated in price, higher than 31 equities of the previous week, with 101 equities remaining unchanged, lower than 118 equities recorded in the preceding week.
Linkage Assurance topped the gainers’ chart after gaining 37.50 percent to close at 66 kobo per share.
NEM Insurance appreciated by 33.33 percent to finish at N2.80k per unit, while Thomas Wyatt Nigeria improved by 21.21 percent to end at 40 kobo per share.
Lafarge Africa increased by 18.46 percent to close at N9.75k per unit, while Champion Breweries rose by 18.33 percent to finish at N1.42k per share.
At the other side of the coin, Chams led the losers’ table with a decline of 13.89 percent to settle at 31 kobo per share.
It was followed by CAP, which went down by 11.58 percent to end at N27.50k per unit, and Okomu Oil, which depreciated by 10 percent to close at N66.60k per share.
C&I Leasing and ABC Transport also dropped 10 percent to settle at N5.67k and 27 kobo per share respectively.
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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