Prime Business Africa
The bullish momentum in the Nigerian stock market continued with a N1.21 trillion gain on Tuesday, after the all-share index (ASI) expanded by 1,883.24 basis points.
According to the Nigerian Exchange (NGX), the gain raised the market capitalisation of the bourse from N157.73 trillion recorded on Monday to N158.95 trillion.
Join our WhatsApp ChannelIn the same vein, the all-share appreciated from 244,199.39 ASI to 246,082.63 ASI.
Also, over 651.32 million shares were traded in 43,760 deals, valued at N40.77 trillion on Tuesday, compared to the previous day’s 606.19 million shares, valued at N38.70 billion, exchanged in 53,471 deals.
Top Five Gainers
- FGSUK2033S6’s share price increased by N16.10 kobo, from N98.90 kobo to N115 per share.
- McNichols’ share ended trading at N4.95 kobo per share, from N4.50 kobo per share – indicating an increase of N0.45 kobo.
- FTN Cocoa share value grew by N0.75 kobo, from N7.50 kobo to N8.25 kobo per share.
- Sunu Assurance’s share appreciated by N0.31 kobo to end trading at N3.43 kobo, having opened at N3.12 kobo.
- Sovereign Insurance share value was up by N0.18 kobo, after closing at N2.06, from N1.88 kobo per share.
Top Five Losers
- Tripple Gee’s share price depreciated by N0.28 kobo, dwindling from N2.88 kobo to N2.60 kobo per share.
- Associated Bus Company recorded a N0.50 kobo decline in its share price to end trading at N4.75 kobo, after opening with N5.25 kobo.
- Nahco reported a N13.85 kobo decline in its share price to end trading at N136.35 kobo, after opening with N150.20 kobo per share.
- RT Briscoe lost N1.05 in its share price, to sell at N10.35 kobo, down from N11.40 kobo per share.
- UPDC REIT reported a decline of N0.70 kobo, from the previous share price of N14.20 kobo, to end trading at N13.50 kobo per share.
Top Five Trading Equities
- Access Holdings reported that 129.89 million shares valued at N4.15 billion were traded on its floor.
- CMFC recorded 58.02 million shares valued at N162.72 million.
- Linkage Assurance saw investors trade 36.32 million of its shares valued at N70.05 million.
- GTCO recorded 32.10 million shares exchanged on its floor, worth N4.29 billion.
- Nigerian Breweries reported that traders exchanged 29.61 million shares valued at N2.21 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.
