Prime Business Africa
Trading closed with a 0.16 percent increase in the all-share index (ASI) on Monday, April 7, while the market capitalisation increased by N208.64 billion.
The ASI expanded by 324.21 basis points, appreciating to 202,023.1 index, from 201,698.89 index recorded on Thursday, April 2.
Join our WhatsApp ChannelAlso, the market capitalisation surged from N129.806 trillion to N130.01 trillion.
Over 1.15 billion shares, valued at N40.28 billion, were traded in 78,006 deals on Tuesday, compared to Thursday’s 559.97 million shares traded in 49,676 deals valued at N19.26 billion.
Top five gainers
- TransExpress’ share price increased by N3.12 kobo, from N2.84 kobo to N3.12 kobo per share.
- Omatek’s share value grew by N0.20 kobo, from N2.05 to N2.25 kobo per share.
- Cadbury’s share appreciated by N6.55 kobo to end trading at N75.25 kobo, having opened with N68.70 kobo.
- First HoldCo ended trading at N54.55 kobo per share, from N50 per share – indicating an increase of N4.55 kobo.
- Fortis Global Insurance’s share value was up by 6.50 percent, after closing at N1.31 kobo from N1.23 kobo per share.
Top five losers
- Ellah Lakes share price depreciated by N1.20 kobo, dwindling from N12 to N10.80 kobo per share.
- DAAR Communications recorded a N0.19 kobo decline in its share price to end trading at N1.72 kobo after opening with N1.91 kobo per share.
- Chams’ lost N0.37 kobo in its share price after trading hours, to sell at N3.38 kobo from N3.75 kobo per share.
- John Holt recorded a N1.50 kobo decline in its share price to end trading at N13.95 kobo after opening with N15.45 kobo per share.
- Sunu Assurance reported a decline of N0.45 kobo from the previous share price of N4.65 kobo to end trading at N4.20 kobo per share.
Top five trading equities
- Wema Bank reported that 282.58 million shares valued at N7.29 billion were traded on its floor.
- Access Holdings recorded 125.17 million shares valued at N3.25 billion.
- VFD Group saw investors trade 106.83 million of its shares valued at N1.12 billion.
- First HoldCo recorded N62.96 million shares exchanged on its floor, worth N3.18 billion.
- GTCO reported that traders exchanged 56.58 million shares valued at N7.05 billion.
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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.
