Market Cap Rises N1.08 billion, As Nigerian Stocks’ Growth Slows

September 13, 2022
stockexchange 1
stockexchange 1

At the end of trading on Tuesday, the market capitalisation rose by over N1.08 billion to settle at N26.768 trillion, when compared to the N26.767 trillion it closed Monday with.

It followed the All-Share Index’s path, which moved upward by 2.01 basis points to rise to 49,627.72 ASI from 49,625.71 ASI. 

Join our WhatsApp Channel

Investors parted with N1.48 billion on Tuesday to trade over 160.24 million shares in 3,847 deals, against the 86.59 million shares exchanged in 3,377 deals worth N1.17 billion a day before.

Top five gainers

  • Multiverse share appreciated by N0.25kobo to rise from N2.58kobo to N2.83kobo per.
  • NPF Microfinance stock grew N0.12kobo, up from N1.53kobo to N1.65kobo per share.
  • Pharmdeko ended trading with N2.05 from N1.95kobo per share, rising by N0.10kobo.
  • Cutix gained N0.11kobo to end trading at N2.26kobo, having opened with N2.15kobo.
  • Fidelity Bank stock was up by N0.10kobo, closing with N3.41kobo from N3.31kobo per share. 

Top five losers

  • Redstar Express depreciated by N0.27kobo, dwindling from N2.70kobo to N2.43kobo per share.
  • Caverton also fell by 4.55 percent to end trading at N1.05, after opening with N1.10kobo per share.
  • Livestock followed the same path, losing 4.31 percent after trading hours, to sell at N1.11kobo from N1.16kobo per share.
  • Sovereign Insurance reported a decline of 3.70 percent from previous day’s share price of N0.27kobo to end trading at N0.26kobo per share.
  • Lasaco Insurance share depreciated to N0.93kobo from N0.96kobo, after losing 3.13 percent during trading hours.   

Top five trading equities in stock exchange

  • Zenith Bank reported 26.73 million shares valued at N536.64 million were traded on its floor.
  • Courtville recorded 24.10 million shares valued at N11.32 million.
  • Transcorp saw investors trade 16.24 million of its shares valued at N16.99 million.
  • InteneIns recorded 12.76 million shares exchanged on its floor, worth N20.42 million.
  • Chams reported 9.31 million shares valued at N3.22 million exchanged investors’ hands.
+ posts
Previous Story

400 Fintech & Crypto Industry Leaders From Across Africa To Convene In Accra At The Africa Money and DeFi Summit on September 27th & 28th

UN Join Forces With Zimbabwe To Provide $40m Food Relief Package For Starving Citizens
Next Story

UN Join Forces With Zimbabwe To Provide $40m Food Relief Package For Citizens

Featured Stories

Anioma State: Reason Above Sentiments

Hungry Abuja Pikin: A Reflection

By Emmanuel Onwubiko When in 1992, the then self -styled military president of Nigeria, four stars General, the gap-toothed Ibrahim Badamasi Babangida,

Latest from Business

Nigerian Mobile Users May Pay More Under New NCC Roadmap

By Prosper Okoye Nigerian mobile phone users may face higher call and data costs following a new five-year plan released by the country’s telecoms regulator. Prime Business Africa gathered that the Nigerian Communications Commission (NCC) has published a Draft Spectrum Roadmap outlining

Naira Appreciates Against Dollar Across FX Markets

On Tuesday, January 6, the foreign exchange rate for the United States dollar (USD) decreased by N17 or 1.18 percent to N1,416 on the Nigerian foreign exchange market (NFEM). According to data obtained from the Central Bank of Nigeria (CBN), the dollar
Lasaco Assurance Suffers N404.22bn Loss

Lasaco Assurance Suffers N404.22bn Loss

Lasaco Assurance, in its unaudited financial statements for the period ended September 30, 2025, said revenue increased by 40 percent to N23.83 billion in the first nine months of last year, surpassing the N17.02 billion recorded in the same period in 2024.
Naira Falls Against Dollar Across FX Markets

Official, Parallel Markets Record Increase In Dollar Rates

The Nigerian foreign exchange market (NFEM), also known as the official window, recorded a rate of N1,433 per dollar at the close of trading on Monday, January 5. This was N2 above the N1,431/$1 reported on Friday, January 2, 2026, indicating the
Previous Story

400 Fintech & Crypto Industry Leaders From Across Africa To Convene In Accra At The Africa Money and DeFi Summit on September 27th & 28th

UN Join Forces With Zimbabwe To Provide $40m Food Relief Package For Starving Citizens
Next Story

UN Join Forces With Zimbabwe To Provide $40m Food Relief Package For Citizens

Don't Miss

Man City Claims Double, Beats Man United In FA Cup Final

Manchester City moved a step closer to winning a historic
BREAKING: Obi Clinches Labour Party Presidential Ticket

2023: Obi Clinches Labour Party Presidential Ticket

Peter Obi has secured the presidential ticket of the party