Prime Business Africa
After trading on the Nigerian Exchange (NGX), also known as the stock market, closed on Tuesday, January 13, the bourse’s market capitalisation grew to N106.18 trillion.
This represents a N1.66 trillion gain in the stock market when compared to the N104.52 trillion reported on Monday, January 12.
Join our WhatsApp ChannelThe gain was driven by a 1.58 percent appreciation recorded by the all-share index (ASI), which expanded by 2,592.63 basis points, from 163,244.69 ASI to 165,837.32 ASI.
About N33.54 billion were exchanged for 1.13 billion shares in 49,216 deals, compared to the 1.14 billion shares traded in 59,359 deals, valued at N19.23 billion, on Monday.
Top five gainers
- Caverton’s share price increased by N0.70 kobo to rise from N7 to N7.70 kobo per share.
- PZ Cusson’s share value grew by N5.30 kobo, from N53 to N58.30 kobo per share.
- Deap Capital ended trading at N3.63 kobo per share, from N3.30 kobo per share – indicating an increase of N0.33 kobo.
- ETranzact gained N1.65 kobo to end trading at N18.15 kobo, having opened with N16.50 kobo.
- MTN Nigeria’s share value was up by N55, after closing at N605 from N550 per share.
Top five losers
- Universal Insurance’s share price depreciated by 6.25 percent, dwindling from N1.28 kobo to N1.20 kobo per share.
- Prestige Assurance recorded a N0.10 kobo decline in its share price to end trading at N1.62 kobo after opening with N1.72 kobo per share.
- Regal Insurance lost N5.17 kobo in its share price after trading hours, to sell at N1.10 kobo from N1.16 kobo per share.
- Academy recorded a N0.40 kobo decline in its share price to end trading at N7.50 kobo after opening with N7.90 kobo per share.
- Royal Exchange reported a decline of 3.98 percent from the previous day’s share price of N2.01 to end trading at N1.93 kobo per share.
Top five trading equities
- Sovereign Insurance reported that 343.54 million shares valued at N1.11 billion were traded on its floor.
- Access Holdings recorded 86.22 million shares valued at N1.98 billion.
- ETranzact saw investors trade 61.10 million of its shares valued at N1.10 million.
- Linkage Assurance recorded 49.92 million shares exchanged on its floor, worth N87.99 million.
- Chams reported that traders exchanged 35.35 million shares valued at N139.21 million.
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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.
