Prime Business Africa
The market capitalisation of the Nigerian Exchange Limited, also known as the stock market, closed at N95.28 trillion on Tuesday, December 16.
According to data provided by the NGX, the market capitalisation grew by N13.53 billion from the N95.26 billion posted on Monday, December 15.
Join our WhatsApp ChannelAlso, the all-share index (ASI) appreciated to 149,459.11 ASI, from 149,437.88, representing an increase of 21.23 basis points.
Traders exchanged 1.02 billion shares, valued at N21.82 billion, in 23,701 deals, compared to the 553.16 million shares traded in 28,907 deals, worth N13.26 billion on Monday.
Top five gainers
- ALEX’s share price increased by N0.85 kobo to rise from N8.50 kobo to N9.35 kobo per share.
- Guinness’ share value grew by N23.90 kobo, from N239.50 kobo to N263.40 kobo per share.
- Multiverse ended trading at N12.15 kobo per share, from N11.05 per share – indicating an increase of N1.10 kobo.
- Mecure gained N4.15 kobo to end trading at N45.85 kobo, having opened with N41.70 kobo.
- Sovereign Insurance’s share value was up by N0.37 kobo, after closing at N4.11 kobo from N3.74 kobo per share.
Top five losers
- FGSUK2027S3’s share price depreciated by N11.89 kobo, dwindling from N91.99 kobo to N80.10 kobo per share.
- HM Call recorded a N0.41 kobo decline in its share price to end trading at N3.72 kobo after opening with N4.13 kobo per share.
- Veritas Kapital lost N0.16 kobo in its share price after trading hours, to sell at N1.60 kobo from N1.76 kobo per share.
- LivingTrust recorded a N0.35 kobo decline in its share price to end trading at N3.50 kobo after opening with N3.85 kobo per share.
- Linkage Assurance reported a decline of N0.10 kobo from the previous day’s share price of N1.75 kobo to end trading at N1.65 kobo per share.
Top five trading equities
- Access Holdings reported that 385.83 million shares valued at N7.72 billion were traded on its floor.
- Champion Brew recorded 111.77 million shares valued at N817.82 million.
- Sterling Financial Holdings Company saw investors trade 85.48 million of its shares valued at N589.87 million.
- FCMB recorded 74.68 million shares exchanged on its floor, worth N791.46 million.
- First HoldCo reported 51.92 million shares valued at N1.83 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.
