Prime Business Africa
The Nigerian Exchange (NGX) Limited said the capitalisation of the stock market depreciated to N91.08 trillion on Monday, December 1, from the N91.28 trillion recorded on Friday, November 28.
According to the NGX report, the market capitalisation dropped by 0.21 percent or N197.31 billion.
Join our WhatsApp ChannelThe decrease trailed the decline in the all-share index (ASI), which depreciated from 143,520.53 ASI to 143,210.33 ASI, reflecting a loss of 281.3 basis points.
On the trading floor, about 1.46 billion shares were exchanged by equity investors in 28,956 deals, valued at N18.66 billion, compared to the 1.82 billion shares that were exchanged in 20,645 deals, valued at N20.03 billion the day before.
Top five gainers
- NCR’s share price increased by N5.45 kobo to rise from N54.65 kobo to N60.10 kobo per share.
- Sunu Assurance’s share value grew by N0.36 kobo, from N3.92 kobo to N4.28 kobo per share.
- Champion Brew ended trading at N14 per share, from N12.95 kobo per share – indicating an increase of N1.05.
- Mecure gained N2.10 kobo to end trading at N29.80 kobo, having opened with N27.70 kobo.
- Guinea Insurance’s share value was up by N7.27 kobo, after closing at N1.18 kobo from N1.10 kobo per share.
Top five losers
- International Breweries’ share price depreciated by N1.15 kobo, dwindling from N11.50 kobo to N10.35 kobo per share.
- RT Briscoe recorded a N0.34 kobo decline in its share price to end trading at N3.10 kobo after opening with N3.44 kobo per share.
- LotusHal15 lost N7.80 kobo in its share price after trading hours, to sell at N74.20 kobo from N82 per share.
- Cornerstone Insurance recorded a N0.47 kobo decline in its share price to end trading at N5.53 kobo after opening with N6 per share.
- DAAR Comms reported a decline of 6.52 percent from the previous day’s share price of N0.92 kobo to end trading at N0.86 kobo per share.
Top five trading equities
- Cornerstone Insurance reported that 908.81 million shares valued at N4.59 billion were traded on its floor.
- Wema Bank recorded 113.25 million shares valued at N2.07 billion.
- Access Corporation saw investors trade 93.91 million of its shares valued at N1.97 billion.
- Fidelity Bank recorded 59.87 million shares exchanged on its floor, worth N1.13 million.
- Zenith Bank reported 25.01 million shares valued at N1.50 billion 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.
