Prime Business Africa
The market capitalisation of the Nigerian Exchange (NGX) increased by N720.58 billion to N155.84 trillion on Tuesday.
According to the NGX, the stock market capitalisation rose from the N155.12 trillion recorded on Monday.
The increase was driven by the 1,122.94 basis points gain recorded by the all-share index (ASI), as it expanded from 241,747.5 index to 242,870.44 ASI
Join our WhatsApp ChannelStock traders sealed 42,494 deals, after trading 634.77 million shares, worth N53.33 billion, compared to the 57,830 deals recorded on Monday, when 491.51 million shares, valued at N20.63 billion, were exchanged.
Top Five Gainers
- Learn Africa’s share price increased by N0.90 kobo, from N9 to N9.90 kobo per share.
- First HoldCo’s share value grew by N6.55 kobo, from N65.60 kobo to N72.15 kobo per share.
- Thomas Wyatt’s share appreciated by N0.24 kobo to end trading at N2.69 kobo, having opened with N2.45 kobo.
- NREIT’s share ended trading at N113 per share, from N103 per share – indicating an increase of N10.
- RT Briscoe’s share value was up by N1.05, after closing at N13.15 kobo, from N12.10 kobo per share.
Top Five Losers
- International Energy Insurance share price depreciated by N0.51 kobo, dwindling from N5.17 kobo to N4.66 kobo per share.
- Legend Internet recorded a N0.45 kobo decline in its share price to end trading at N4.45 kobo, after opening with N4.90 kobo.
- Fortis Global Insurance reported a N0.23 kobo decline in its share price to end trading at N2.77 kobo, after opening with N3 per share.
- FTN Cocoa lost N0.67 kobo in its share price, to sell at N8.21 kobo, down from N8.88 kobo per share.
- International Breweries reported a decline of N0.70 kobo, from the previous share price of N14.60 kobo, to end trading at N13.90 kobo per share.
Top Five Trading Equities
- First HoldCo reported that 326.92 million shares valued at N22.33 billion were traded on its floor.
- GTCO recorded 22.46 million shares valued at N2.82 billion.
- Access Holdings saw investors trade 18.53 million of its shares valued at N461.61 million.
- FCMB recorded 16.11 million shares exchanged on its floor, worth N166.83 million.
- Zenith Bank reported that traders exchanged 15.92 million shares valued at N1.72 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.
