Prime Business AfricaThe Nigerian Exchange Limited (NGX) saw a N284.46 billion increase in the market capitalisation, which surged to N89.49 trillion on Monday, August 25, from N89.20 trillion on Friday, August 22.
NGX data also showed the all-share index (ASI) of the NGX, also known as the stock market, expanded from 141,004.14 ASI to 141,439.77 ASI, indicating a gain of 435.63 basis points.
Join our WhatsApp ChannelAlso, trading dropped on Monday, as equity traders exchanged 591.24 million shares in 33,342 deals, worth N11,65 billion, compared to Friday’s 1.30 billion, traded in 25,916 deals, valued at N47.84 billion.
Top five gainers
- Julius Berger’s share price increased by N13.20 kobo, to rise from N132.90 kobo to N146.10 kobo per share.
- Cutix’s share value grew by N0.35 kobo, from N3.55 kobo to N3.90 kobo per share.
- Regal Insurance ended trading at N1.47 kobo per share, from N1.34 kobo per share – indicating an increase of N0.13 kobo.
- Veritas Kapital gained N0.19 kobo to end trading at N2.17 kobo, having opened with N1.98 kobo.
- McNichols’s share value was up by N0.30 kobo, after closing at N3.50 kobo from N3.20 kobo per share.
Top five losers
- FGSUK2027S3 share price depreciated by N14.80 kobo, dwindling from N94.80 kobo to N80 per share.
- Lotus Hal15 recorded a N10.62 kobo decline in its share price to end trading at N95.58 kobo after opening with N106.20 kobo per share.
- UPL lost N0.61 kobo in its share price after trading hours, to sell at N5.54 kobo from N6.15 kobo per share.
- Cadbury reported a decline of N6.15 kobo from the previous day’s share price of N57.85 kobo to end trading at N64 per share.
- Abbey Mortgage Bank recorded a N0.60 kobo decline in its share price to end trading at N6.55 kobo after opening with N7.15 kobo per share.
Top five trading equities
- FCMB reported that 105.12 million shares valued at N1.14 billion were traded on its floor.
- Veritas Kapital recorded 59.57 million shares valued at N128.80 million.
- Universal Insurance saw investors trade 34.39 million of its shares valued at N45.21 million.
- AIICO recorded 26.20 million shares exchanged on its floor, worth N111.91 million.
- GTCO reported that 25 million shares valued at N2.39 billion were exchanged by investors.
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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.
