Prime Business Africa
The all-share index (ASI) of the Nigerian Exchange (NGX) decreased to 246,686.66 ASI on Tuesday, from the 247,560.66 index reported on Monday.
It was gathered that the 874 basis points decline led to the market capitalisation of the NGX, also known as the stock market, to decline by N478.67 billion.
Join our WhatsApp ChannelAs a result, the NGX market capitalisation fell to N158,21 trillion, from the previous day’s N158.69 trillion.
Equity investors traded 718.77 million shares in 71,683 deals, valued at N29,3 billion on Tuesday, down from the 1.12 billion shares traded by investors in 91,880 deals, valued at N44.28 billion, on Monday.
Top Five Gainers
- FGSUK2027S3’s share price increased by N14, from N91 to N105 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 N0.34 kobo, to end trading at N5.10 kobo, having opened with N4.76 kobo.
- Neimeth’s share ended trading at N11 per share, from N10.30 kobo per share – indicating an increase of N0.70 kobo.
- Living Trust’s share value was up by N0.20 kobo, after closing at N4.20 kobo, from N4 per share.
Top Five Losers
- PZ’s share price depreciated by N9.80 kobo, dwindling from N98 to N88.20 kobo per share.
- CWG recorded a N2.40 kobo decline in its share price to end trading at N21.60 kobo, after opening with N24 per share.
- Associated Bus Company recorded a N0.76 kobo decline in its share price to end trading at N6.88 kobo, after opening with N7.64 kobo per share.
- Wema Bank lost N3 in its share price, to sell at N30, down from N33 per share.
- Sovereign Insurance reported a decline of N0.24 kobo, from the previous share price of N2.94 kobo, to end trading at N2.70 kobo per share.
Top Five Trading Equities
- Access Holdings reported that 113.09 million shares valued at N2.7 billion were traded on its floor.
- Zenith Bank recorded 38.09 million shares valued at N4.8 billion.
- Consolidated Hallmark saw investors trade 35.43 million of its shares valued at N243.42 million.
- Neimeth recorded 28.83 million shares exchanged on its floor, worth N298.76 million.
- Sterling Financial reported that traders exchanged 28.20 million shares valued at N220.09 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.
