Prime Business AfricaOn Monday, July 28, the stock market capitalisation increased by N399.88 billion to N85,45 trillion, from the N85.05 trillion recorded on Friday, July 25.
The all-share index (ASI) expanded to 135,166.51 ASI, from 134,452.93 ASI, representing an increase of 713.58 basis points.
Join our WhatsApp ChannelEquity traders exchanged 795.59 million shares in 37,626 deals, worth N23,23 billion, compared to the 713,72 million shares traded in 24,880 deals, valued at N24.23 billion on Friday.
Top five gainers
- Academy share price increased by N0.93 kobo, to rise from N9.31 kobo to N10.24 kobo per share.
- Champion Brew’s share value grew by N1.23 kobo, from N12.32 kobo to N13.55 kobo per share.
- Tripple Gee ended trading at N3.86 kobo per share, from N3.51 kobo per share – indicating an increase of N0.35 kobo.
- May and Baker gained N1.70 kobo to end trading at N18.80 kobo, having opened with N17.10 kobo.
- UAC Nigeria’s share value was up by N5.45 kobo, after closing at N60.40 kobo from N54.95 kobo per share.
Top five losers
- Livestock’s share price depreciated by N0.90 kobo, dwindling from N9 to N8.10 kobo per share.
- TIP recorded a N1.61 kobo decline in its share price to end trading at N14.52 kobo after opening with N16.13 kobo per share.
- Ellah Lakes lost N0.89 kobo in its share price after trading hours, to sell at N8.91 kobo from N9.80 kobo per share.
- NGX Group reported a decline of N4.80 kobo from the previous day’s share price of N79.80 kobo to end trading at N75 per share.
- Thomas Wyatt recorded a N0.17 kobo decline in its share price to end trading at N2.90 kobo after opening with N3.07 per share.
Top five trading equities
- Fidelity Bank reported that 123 million shares valued at N2.58 billion were traded on its floor.
- FCMB recorded 68.40 million shares valued at N670.14 million.
- Japaul Gold saw investors trade 44.09 million of its shares valued at N126.76 million.
- Zenith Bank recorded 31.03 million shares exchanged on its floor, worth N2.24 billion.
- Access Holdings reported 29.06 million shares valued at N816.79 million exchanged in investors’ hands.
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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.
