Prime Business Africa
On Monday, the Nigerian Exchange (NGX) recorded a N1.01 trillion gain as the stock market capitalisation increased to N160.98 trillion, from the N159.96 trillion recorded on Friday.
The market capitalisation soared following a 1,584.27 basis points gain recorded by the all-share index (ASI), which appreciated from 249,540.75 ASI to 251,125.02 ASI.
Join our WhatsApp ChannelTraders part with N40.91 billion for 629.42 million shares in 82,434 deals on Monday, exceeding the N24.71 billion exchanged for 610.77 million shares in 57,363 deals on Friday.
Top Five Gainers
- Airtel Africa share price increased by N332.30 kobo, from N3323.40 kobo to N3655.70 kobo per share.
- International Energy Insurance’s share value grew by N0.33 kobo, from N3.41 kobo to N3.74 kobo per share.
- Sovereign Insurance’s share appreciated by N0.22 kobo, to end trading at N2.50 kobo, having opened with N2.28 kobo.
- Caverton’s share ended trading at N7.40 kobo per share, from N6.75 kobo per share – indicating an increase of N0.65 kobo.
- VFD Group’s share value was up by N0.95 kobo, after closing at N10.90 kobo, from N9.95 kobo per share.
Top Five Losers
- McNichols’share price depreciated by N0.80 kobo, dwindling from N8 to N7.20 kobo per share.
- TIP recorded a N3.35 kobo decline in its share price to end trading at N30.45 kobo, after opening with N33.80 kobo per share.
- Learn Africa recorded a N1.25 kobo decline in its share price to end trading at N11.65 kobo, after opening with N12.90 kobo per share.
- Zichis lost N2.67 kobo in its share price, to sell at N30.98 kobo, down from N33.65 kobo per share.
- May & Baker reported a decline of N3.30 kobo, from the previous share price of N50, to end trading at N46.70 kobo per share.
Top Five Trading Equities
- Access Holdings reported that 61.29 million shares valued at N1.52 billion were traded on its floor.
- Zenith Bank recorded 37.93 million shares valued at N4.98 billion.
- Fidelity Bank saw investors trade 35.79 million of its shares valued at N851.16 million.
- Japaul Gold recorded 24.67 million shares exchanged on its floor, worth N90.89 million.
- Tantalizer reported that traders exchanged 22.78 million shares valued at N103.15 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.
