Prime Business Africa
The all-share index (ASI) of the Nigerian Exchange (NGX) depreciated by 63.46 basis points to 246,019.17 ASI on Wednesday, falling below the 246,082.63 ASI reported on Tuesday.
This reflected in the market capitalisation of the NGX, which declined to N158.91 trillion, from N158.95 trillion recorded the day before, representing a N40.99 billion loss.
Join our WhatsApp ChannelNGX recorded turnover of 426.84 million shares in 41,475 deals, worth N28.43 billion, compared to the 651.32 million shares traded in 43,760 deals, valued at N40.77 trillion on Tuesday.
Top Five Gainers
- Tripple Gee’s share price increased by N0.26 kobo, from N2.60 kobo to N2.86 kobo per share.
- Sovereign Insurance’s share ended trading at N2.26 kobo per share, from N2.06 per share – indicating an increase of N0.45 kobo.
- Oando share value grew by N3.30 kobo, from N35 to N38.30 kobo per share.
- McNichols’s share appreciated by N0.45 kobo to end trading at N4.95 kobo, having opened at N4.95 kobo.
- NEM Insurance share value was up by N2.55 kobo, after closing at N34.45 kobo, from N31.90 kobo per share.
Top Five Losers
- Nascon’s share price depreciated by N19.50 kobo, dwindling from N195 to N175.50 kobo per share.
- Beta Glass recorded a N56.20 kobo decline in its share price to end trading at N506.60 kobo, after opening with 562.80 kobo.
- Academy reported a N0.60 kobo decline in its share price to end trading at N5.55 kobo, after opening with N6.15 kobo per share.
- CWG lost N2 in its share price, to sell at N19.40 kobo, down from N21.40 kobo per share.
- Learn Africa reported a decline of N0.80 kobo, from the previous share price of N8.70 kobo, to end trading at N7.90 kobo per share.
Top Five Trading Equities
- Access Holdings reported that 33.21 million shares valued at N1.03 billion were traded on its floor.
- Stanbic IBTC recorded 28.74 million shares valued at N4.11 billion.
- Sterling Financial Holdings Company saw investors trade 19.60 million of its shares valued at N150.24 million.
- Chams recorded 18.56 million shares exchanged on its floor, worth N71.58 million.
- GTCO reported that traders exchanged 15.07 million shares valued at N2 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.
