Prime Business Africa
Over N1.23 trillion was wiped off the Nigerian Exchange (NGX), also known as the stock market, after BUA Cement, TransExpress and many more recorded losses during trading on Monday.
The market capitalisation of the NGX dropped from Friday’s N159.93 trillion to N158.69 trillion, while the all-share index (ASI) contracted by 1,924.33 basis points, declining from 249,484.99 ASI to 247,560.66 ASI.
Join our WhatsApp ChannelAlso, 1.12 billion shares, valued at N44.28 billion, were traded by investors in 91,880 deals, surpassing the 1 billion shares, worth N31.08 billion, traded in 79,462 deals on Friday.
Top Five Gainers
- FGSUK2027S3’s share price increased by N10.99 kobo, from N80 to N91 per share.
- International Energy Insurance’s share value grew by N0.45 kobo, from N4.52 kobo to N4.97 kobo per share.
- Consolidated Hallmark’s share appreciated by N0.62 kobo, to end trading at N6.87 kobo, having opened with N6.25 kobo.
- TIP’s share ended trading at N31.20 kobo per share, from N28.40 kobo per share – indicating an increase of N2.80 kobo.
- RT Briscoe’s share value was up by N1.25 kobo, after closing at N14.90 kobo, from N13.65 kobo per share.
Top Five Losers
- BUA Cement’s share price depreciated by N42, dwindling from N420 to N378 per share.
- TransExpress recorded a N0.52 kobo decline in its share price to end trading at N4.76 kobo, after opening with N5.28 kobo per share.
- John Holt recorded a N1.65 kobo decline in its share price to end trading at N15.30 kobo, after opening with N16.95 kobo per share.
- Redstar Express lost N3.30 kobo in its share price, to sell at N30.70 kobo, down from N34 per share.
- Deap Capital reported a decline of N0.52 kobo, from the previous share price of N5.68 kobo, to end trading at N5.16 kobo per share.
Top Five Trading Equities
- Abbey Mortgage Bank reported that 291.15 million shares valued at N1.8 billion were traded on its floor.
- Access Holdings recorded 130.25 million shares valued at N3.13 billion.
- Neimeth saw investors trade 77.90 million of its shares valued at N802.14 million.
- UBA recorded 76.40 million shares exchanged on its floor, worth N3.39 billion.
- TIP reported that traders exchanged 61.27 million shares valued at N1.9 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.
