Prime Business AfricaThe market capitalisation of the Nigerian Exchange Limited (NGX) increased by N66.86 billion to N83.85 trillion on Wednesday, July 23, from N83.78 trillion reported on Tuesday, July 22.
Similarly, the all-share index (ASI) expanded to 132,557.43 ASI, after adding 105.7 basis points to the 132,451.73 ASI recorded the day before.
Join our WhatsApp ChannelTrading closed with 681.24 million shares traded in 26,931 deals, valued at N17.01 billion, against the previous day’s 771.65 million shares, valued at N26.78 billion, and exchanged in 32,734 deals.
Top five gainers
- Academy share price increased by N0.70 kobo, to rise from N7 to N7.70 kobo per share.
- TIP’s share value grew by N1.21 kobo, from N12.13 kobo to N13.34 kobo per share.
- Ikeja Hotel ended trading at N21 per share, from N19.10 kobo per share – indicating an increase of N1.90 kobo.
- Enamelwa gained N2.20 kobo to end trading at N24.55 kobo, having opened with N22.35 kobo.
- NAHCO’s share value was up by N10.30 kobo, after closing at N117 from N106.70 kobo per share.
Top five losers
- Austin Laz’s share price depreciated by N0.26 kobo, dwindling from N2.60 kobo to N2.34 kobo per share.
- Triple Gee recorded a N0.43 kobo decline in its share price to end trading at N3.89 kobo after opening with N4.32 per share.
- Omatek lost N0.14 kobo in its share price after trading hours, to sell at N1.30 kobo from N1.44 kobo per share.
- Daar Communications reported a decline of 9.64 percent from the previous day’s share price of N0.83 kobo to end trading at N0.75 kobo per share.
- Multiverse recorded a N0.90 kobo decline in its share price to end trading at N9 after opening with N9.90 kobo per share.
Top five trading equities
- Access Holdings reported that 98.62 million shares valued at N2.74 billion were traded on its floor.
- Ellah Lakes recorded 61.11 million shares valued at N581.60 million.
- Japaul Gold saw investors trade 49.16 million of its shares valued at N136.75 million.
- Royal Exchange recorded 43.75 million shares exchanged on its floor, worth N53.61 million.
- Universal Insurance reported 32.06 million shares valued at N23.39 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.
