Prime Business Africa
Over N390.31 billion was added to the market capitalisation of the Nigerian Exchange (NGX) on Wednesday, while First HoldCo and Legend Internet made the gainers’ list.
The gain increased the market capitalisation of the Nigerian stock market to N156.23 trillion, from Tuesday’s N155.84 trillion.
However, the all-share index (ASI) depreciated slightly by 503.69 basis points, from 242,870.44 ASI to 242,366.75 ASI.
Join our WhatsApp ChannelAlso, investors exchanged 476.33 million shares, valued at N29.62 billion, in 40,992 deals, compared to the 634.77 million shares traded in 42,494 deals, worth N53.33 billion, on Tuesday.
Top Five Gainers
- FGSUK2032S7’s share price increased by N16.72 kobo, from N114 to N130.72 kobo per share.
- First HoldCo’s share value grew by N7.20 kobo, from N72.15 kobo to N79.35 kobo per share.
- FGSUK2031S4’s share appreciated by N8.90 kobo to end trading at N98.90 kobo, having opened with N90.
- Thomas Wyatt’s share ended trading at N2.94 kobo per share, from N2.69 kobo per share – indicating an increase of N0.25 kobo.
- Legend Internet’s share value was up by N0.40 kobo, after closing at N4.85 kobo, from N4.45 kobo per share.
Top Five Losers
- TAJSUKS1 share price depreciated by N17.10 kobo, dwindling from N95 to N77.90 kobo per share.
- TransExpress recorded a N0.33 kobo decline in its share price to end trading at N3.02, after opening with N3.35 kobo.
- TAJSUKS2 reported a N7.90 kobo decline in its share price to end trading at N89.99 kobo, after opening with N97.90 kobo per share.
- International Breweries lost N0.85 kobo in its share price, to sell at N13.05, down from N13.90 kobo per share.
- HMCall reported a decline of N0.21 kobo, from the previous share price of N3.53 kobo, to end trading at N3.32 kobo per share.
Top Five Trading Equities
- First HoldCo reported that 78.65 million shares valued at N6.19 billion were traded on its floor.
- Sterling Financial Holdings recorded 56.69 million shares valued at N439.15 million.
- Zenith Bank saw investors trade 30.04 million of its shares valued at N3.26 billion.
- Fidelity Bank recorded 27.25 million shares exchanged on its floor, worth N563.94 million.
- Stanbic IBTC reported that traders exchanged 22.77 million shares valued at N3.79 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.
