Prime Business Africa
The Nigerian Exchange (NGX) extended its gains on Monday, as the market capitalisation of the bourse increased by N1.91 trillion to N157.73 trillion, up from the N155.82 trillion recorded on Friday.
NGX reported the all-share index (ASI) also appreciated by 2,900.92 basis points, from 241,298.47 ASI to 244,199.39 ASI.
Join our WhatsApp ChannelOn the trading floor, about 606.19 million shares, valued at N38.70 billion, were traded in 53,471 deals, compared to the 605.16 million shares traded in 38,421 deals, worth N29.87 billion, on Friday.
Top Five Gainers
- Omatek’s share price increased by N0.15 kobo, from N1.50 kobo to N1.65 kobo per share.
- Ikeja Hotel’s share ended trading at N42.55 kobo per share, from N38.70 kobo per share – indicating an increase of N3.85 kobo.
- Sovereign Insurance share value grew by N0.17 kobo, from N1.71 kobo to N1.88 kobo per share.
- Sunu Assurance’s share appreciated by N0.28 kobo to end trading at N3.12 kobo, having opened at N2.84 kobo.
- Royal Exchange share value was up by 9.09 percent, after closing at N0.96 kobo, from N0.88 kobo per share.
Top Five Losers
- Abbey Mortgage’s share price depreciated by N0.80 kobo, dwindling from N8.50 kobo to N7.70 kobo per share.
- Ava Capital recorded a N0.50 kobo decline in its share price to end trading at N6, after opening with N6.50 kobo.
- FTN Cocoa reported a N0.50 kobo decline in its share price to end trading at N7.50 kobo, after opening with N8 per share.
- Tantalizer lost N0.20 kobo in its share price, to sell at N3.82 kobo, down from N4.02 per share.
- Consolidated Hallmark reported a decline of N0.29 kobo, from the previous share price of N6.30 kobo, to end trading at N6.01 per share.
Top Five Trading Equities
- Access Holdings reported that 126.53 million shares valued at N3.94 billion were traded on its floor.
- GTCO recorded 33.17 million shares valued at N4.43 billion.
- UBA saw investors trade 31.48 million of its shares valued at N1.45 billion.
- Nigerian Breweries recorded 31.24 million shares exchanged on its floor, worth N2.21 billion.
- Veritas Kapital reported that traders exchanged 28.98 million shares valued at N32.17 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.
