Prime Business AfricaOver N662.50 billion was lost in the Nigerian stock market on Wednesday, August 20, after the market capitalisation of the bourse dropped to N89.56 trillion, from the previous day’s N90.22 trillion.
The decline followed a 1,047.17 basis points loss by the all-share index (ASI), which depreciated from 142,613.47 ASI to 141,566.3 ASI.
Join our WhatsApp ChannelThe volume of shares traded decreased to 721.81 million in 28,745 deals, worth N12.93 billion, compared to the 1.02 billion shares exchanged in 34,352 deals, valued at N17,66 billion, on Tuesday.
Top five gainers
- Austin Laz’s share price increased by N0.24 kobo, to rise from N2.40 kobo to N2.64 kobo per share.
- Champion Brew’s share value grew by N1.79 kobo, from N17.95 kobo to N19.74 kobo per share.
- NCR ended trading at N9.55 kobo per share, from N8.70 kobo per share – indicating an increase of N0.85 kobo.
- Multiverse gained N0.90 kobo to end trading at N11.10 kobo, having opened with N10.20 kobo.
- Enamelwa’s share value was up by N3.10 kobo, after closing at N39 from N35.90 kobo per share.
Top five losers
- Guinness’ share price depreciated by N15.55 kobo, dwindling from N155.75 kobo to N140.20 kobo per share.
- Conoil recorded a N23.40 decline in its share price to end trading at N211.10 after opening with N234.50 kobo per share.
- Consolidated Hallmark lost N0.48 kobo in its share price after trading hours, to sell at N4.35 kobo from N4.83 kobo per share.
- Royal Exchange reported a decline of N0.25 kobo from the previous day’s share price of N2.52 kobo to end trading at N2.27 kobo per share.
- Ellah Lakes recorded a N1.62 kobo decline in its share price to end trading at N14.90 kobo after opening with N16.52 kobo per share.
Top five trading equities
- Champion Brew reported that 54.51 million shares valued at N988.27 million were traded on its floor.
- Universal Insurance recorded 47.82 million shares valued at N57.34 million.
- Royal Express saw investors trade 46.15 million of its shares valued at N105.15 million.
- Regal Insurance recorded 40.77 million shares exchanged on its floor, worth N55.51 million.
- AIICO reported that 39.27 million shares valued at N156.43 million were exchanged by investors.
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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.
