Prime Business AfricaThe stock market closed trading with a N403.43 billion gain on Thursday, July 3, thanks to gains recorded by Berger Paint and Guinea Insurance.
As a result, the market capitalisation appreciated from N76.17 trillion recorded on Wednesday, July 2, to N76.58 trillion.
Join our WhatsApp ChannelAlso, the all-share index (ASI) expanded from 120,339.9 ASI to 120,977.2 ASI, indicating an addition of 637.3 basis points.
The number of shares traded on Thursday was 933.40 million in 24,207 deals, worth N29.30 billion, falling below the 1.04 billion shares traded in 21,964 deals, valued at N12.17 billion on Wednesday.
Top five gainers
- Berger Paint’s share price increased by N3, to rise from N30 to N33 per share.
- Guinea Insurance’s share value grew by 10 percent, from N0.90 kobo to N0.99 kobo per share.
- Academy ended trading at N5.61 kobo per share, from N5.10 kobo per share – indicating an increase of N0.51 kobo.
- Deap Capital gained N0.10 kobo to end trading at N1.10, having opened with N1.
- Unilever’s share value was up by N5.15 kobo, after closing at N56.85 kobo from N51.70 kobo per share.
Top five losers
- Neimeth’s share price depreciated by N0.67 kobo, dwindling from N7.89 kobo to N7.22 kobo per share.
- Legend Internet recorded a N0.67 kobo decline in its share price to end trading at N7.73 kobo after opening with N8.40 kobo per share.
- CWG lost N0.65 kobo in its share price after trading hours, to sell at N13.80 kobo from N14.45 kobo per share.
- Sovereign Insurance reported a decline of 4.35 percent from the previous day’s share price of N1.38 kobo to end trading at N1.32 kobo per share.
- VFD Group recorded a N0.50 kobo decline in its share price to end trading at N13.50 kobo after opening with N14 kobo per share.
Top five trading equities
- Universal Insurance reported that 67.33 million shares valued at N40.67 million were traded on its floor.
- Access Corporation recorded 62.61 million shares valued at N1.45 billion.
- Chams saw investors trade 147.10 million of its shares valued at N762.22 million.
- Japaul Gold recorded 49.45 million shares exchanged on its floor, worth N14.78 million.
- GTCO reported 40.63 million shares valued at N3.36 billion 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.
