Prime Business AfricaThe market capitalisation of the Nigerian Exchange Limited (NGX) hit N88.05 trillion on Wednesday, July 30, up from N87.19 trillion reported on Tuesday, July 29.
This represents an increase of N863.48 billion, which was driven by the 1,365.8 basis points recorded in the all-share index (ASI).
Join our WhatsApp ChannelData obtained from the NGX showed that the all-share index expanded to 139,278.67 ASI, from 137,912.87 ASI.
The stock market recorded 922.03 million shares exchanged in 36,423 deals, worth N35.39 billion, against the 940.80 million shares traded in 28,358 deals, valued at N30.62 billion.
Top five gainers
- Multiverse’s share price increased by N0.90 kobo, to rise from N9 to N9.90 kobo per share.
- Royal Exchange’s share value grew by N0.14 kobo, from N1.40 kobo to N1.54 kobo per share.
- Berger Paints ended trading at N37.50 kobo per share, from N34.10 kobo per share – indicating an increase of N3.40 kobo.
- Dangote Sugar gained N6.45 kobo to end trading at N3.42 kobo, having opened with N3.11 kobo.
- NPF Microfinance’s share value was up by N0.31 kobo, after closing at N3.42 kobo from N3.11 kobo per share.
Top five losers
- Abbey Mortgage Bank’s share price depreciated by N0.72 kobo, dwindling from N7.20 kobo to N6.48 kobo per share.
- FTN Cocoa recorded a N0.70 kobo decline in its share price to end trading at N6.30 kobo after opening with N7 per share.
- LivingTrust lost N0.73 kobo in its share price after trading hours, to sell at N6.59 kobo from N7.32 kobo per share.
- Sunu Assurance reported a decline of N0.44 kobo from the previous day’s share price of N4.58 kobo to end trading at N4.14 kobo per share.
- Consolidated Hallmark recorded a N0.27 kobo decline in its share price to end trading at N3.20 kobo after opening with N3.47 kobo per share.
Top five trading equities
- Fidelity Bank reported that 90.39 million shares valued at N1.89 billion were traded on its floor.
- Access Holdings recorded 43.05 million shares valued at N1.19 billion.
- UAC Nigeria saw investors trade 32.98 million of its shares valued at N2.07 billion.
- Universal Insurance recorded 32.29 million shares exchanged on its floor, worth N26.04 million.
- FCMB reported 31.80 million shares valued at N328.40 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.
