Prime Business Africa
On Monday, December 8, the stock market capitalisation of the Nigerian Exchange (NGX) Limited increased by N240 billion or 0.26 percent.
The market capitalisation increased from N93.72 trillion on Friday, December 5, to N93.96 trillion.
Join our WhatsApp ChannelAlso, the all-share index (ASI) appreciated by 387.88 basis points, from 147,040.07 ASI to 147,427.95 ASI.
Equity traders exchanged 550.86 million shares, valued at N13.85 billion, in 30,090 deals, compared to Friday’s 361.59 million shares that were traded in 21,051 deals, valued at N14.83 billion.
Top five gainers
- Morison’s share price increased by N0.35 kobo to rise from N3.54 kobo to N3.89 kobo per share.
- NPF Microfinance Bank’s share value grew by N0.27 kobo, from N2.74 kobo to N3.01 per share.
- Sovereign Insurance ended trading at N3.17 kobo per share, from N2.90 kobo per share – indicating an increase of N0.27 kobo.
- Caverton gained N0.45 kobo to end trading at N5.35 kobo, having opened with N4.90 kobo.
- Chams’ share value was up by N0.24 kobo, after closing at N3.30 kobo from N3.06 per share.
Top five losers
- DAAR Communications’ share price depreciated by 7.14 percent, dwindling from N0.98 kobo to N0.91 kobo per share.
- Livestock recorded a N0.40 kobo decline in its share price to end trading at N6 after opening with N6.40 kobo per share.
- NAHCO lost N6.50 kobo in its share price after trading hours, to sell at N100 from N106.50 kobo per share.
- Union Dicon recorded a N0.30 kobo decline in its share price to end trading at N6 after opening with N6.30 kobo per share.
- Jaiz Bank reported a decline of N0.16 kobo from the previous day’s share price of N4.66 kobo to end trading at N4.50 kobo per share.
Top five trading equities
- FCMB reported that 129.65 million shares valued at N1.43 billion were traded on its floor.
- Japaul Gold recorded 63.74 million shares valued at N139.07 million.
- Zenith Bank saw investors trade 41.98 million of its shares valued at N2.70 billion.
- Fidelity Bank recorded 36.91 million shares exchanged on its floor, worth N700.71 million.
- Access Corporation reported 28.57 million shares valued at N611.13 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.
