Prime Business AfricaOn Friday, July 11, the market capitalisation of the Nigerian stock market rose by about N1 trillion to N79.80 trillion, from N78.72 trillion recorded on Thursday, July 10.
This was due to the all-share index (ASI) expanding from 124,446.8 ASI to 126,149.59 ASI, representing an increase of 234.24 basis points.
Join our WhatsApp ChannelThe market capitalisation ended trading today at N78.72 trillion, while the all-share index (ASI) increased by 2,457.13 basis points from 121,989.67 ASI to 124,446.8 ASI.
Trading ended with over N30.55 billion exchanged for 1.38 billion shares in 33,399 deals, exceeding the N27.72 billion traded for 1.28 billion shares in 27,875 deals on Thursday.
Top five gainers
- Guinness’ share price increased by N8.80 kobo, to rise from N88 to N96.80 kobo per share.
- Cadbury’s share value grew by N5.50 kobo, from N55 to N60.50 kobo per share.
- Consolidated Hallmark ended trading at N3.63 kobo per share, from N3.30 kobo per share – indicating an increase of N0.33 kobo.
- NEM Insurance gained N2 to end trading at N22, having opened with N20.
- Redstar Express share value was up by N1.22 kobo, after closing at N13.44 kobo from N12.22 kobo per share.
Top five losers
- Learn Africa’s share price depreciated by N0.57 kobo, dwindling from N6.58 kobo to N6.01 per share.
- Tantalizer recorded a N0.20 kobo decline in its share price to end trading at N3 after opening with N3.20 kobo per share.
- Prestige lost 6.02 percent in its share price after trading hours, to sell at N1.25 kobo from N1.33 kobo per share.
- Regal Insurance reported a decline of 5.62 percent from the previous day’s share price of N0.89 kobo to end trading at N0.84 kobo per share.
- Oando recorded a N2.50 kobo decline in its share price to end trading at N51.70 kobo after opening with N54.20 kobo per share.
Top five trading equities
- Access Holdings reported that 172.91 million shares valued at N4.15 billion were traded on its floor.
- Ellah Lakes recorded 144.91 million shares valued at N1.81 billion.
- Japaul Gold saw investors trade 138.73 million of its shares valued at N498.76 million.
- UBA recorded 73.02 million shares exchanged on its floor, worth N3.14 billion.
- AIICO reported 60.67 million shares valued at N135.70 million exchanged in 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.
