Prime Business AfricaThe Nigerian stock market recorded a marginal gain on Tuesday, 8 April, with the All-Share Index (ASI) appreciating by 0.15% to close at 104,376.73.
The market capitalization also increased to N65.58 trillion, driven by gains in key stocks such as Sterling Financial Holdings and Mutual Benefit.
Join our WhatsApp ChannelDespite a slight decline in trading volume, the market saw a significant activity in top equities, with Access Corporation, GTCO, and Fidelity Bank leading the way.
According to data obtained from the Nigerian Exchange Limited (NGX), the increase was driven by the ASI, which moved from 104,216.87 index to 104,376.73.
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This dragged the market capitalisation down by N658.22 billion from N66.14 trillion on Friday, 4 April, to N65.48 trillion after trading hours on Monday.
Investors traded 460.56 million shares, worth N10.10 billion, in 14,528 deals on Tuesday, compared to the 444.10 million shares exchanged in 15,690 deals on Monday, valued at N11.14 billion.
Top five gainers
Secure Electronic Technology’s share price increased by 8.89 per cent to rise from N0.45 kobo to N0.49 kobo per share.
Abbey Mortgage Bank’s share value grew by N0.43 kobo, up from N5.15 kobo to N5.58 kobo per share.
Sterling Financial Holdings Company ended trading with N5.15 kobo, from N4.82 kobo per share – indicating an increase of N0.33 kobo.
VFD Group gained N3.30 kobo to end trading at N66, having opened with N62.70 kobo.
Mutual Benefit’s share value was up by 4.55 percent, closing with N0.92 kobo from N0.88 kobo per share.
Top five losers
UH Real Estate Investment Trust’s share price depreciated by N5.10 kobo, dwindling from N51.25 kobo to N46.15 kobo per share.
NAHCO recorded a N6.95 kobo decline in its share price to end trading at N62.95 kobo after opening with N69.90 kobo per share.
NEM Insurance lost N1.30 kobo in its share price after trading hours, to sell at N11.80 kobo from N13.10 kobo per share.
Lasaco reported a decline of N0.21 kobo from the previous day’s share price of N2.13 kobo to end trading at N1.92 kobo per share.
Royal Exchange recorded a 9.78 percent decline in its share price to end trading at N0.83 kobo after opening with N0.92 kobo per share.
Top five trading equities in the stock exchange
Access Corporation reported that 56.49 million shares valued at N1.18 billion were traded on its floor.
GTCO recorded 51.55 million shares valued at N3.43 billion.
Fidelity Bank saw investors trade 24.06 million of its shares valued at N431.61 million.
FCMB recorded 23.34 million shares exchanged on its floor, worth N208.10 million.
United Capital reported 23.30 million shares valued at N319.85 million exchanged investors’ hands.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
