Prime Business Africa
The market capitalisation of the Nigerian Exchange (NGX) increased by N599.40 billion to N129.80 trillion on Wednesday, April 1.
At the end of trading on Tuesday, March 31, the market capitalisation closed at N129.20 trillion.
Join our WhatsApp ChannelThe increase was driven by a 415.77 basis points gain in the all-share index (ASI), which surged from 201,287.78 ASI to 201,703.55 ASI.
Equity traders exchanged 815.47 million shares, valued at N33.28 billion, in 52,641 deals, compared to the 887.68 million shares they traded in 53,436 deals, worth N35.55 billion, on Wednesday.
Top five gainers
- UPDC REIT’s share price increased by N0.70 kobo, from N7 to N7.70 kobo per share.
- International Energy Insurance’s share value grew by N0.32 kobo, from N3.23 kobo to N3.55 kobo per share.
- RT Briscos’ share appreciated by N0.85 kobo to end trading at N3.23 kobo, having opened with N9.65 kobo.
- Mutual Benefits ended trading at N4.40 kobo per share, from N4.09 per share – indicating an increase of N0.31 kobo.
- Zenith Bank’s share value was up by N7.20 kobo, after closing at N103 from N95.80 kobo per share.
Top five losers
- TAJSUKS1 share price depreciated by N15.86 kobo, dwindling from N98.86 kobo to N83 per share.
- Omatek recorded a N0.22 kobo decline in its share price to end trading at N1.98 kobo after opening with N2.20 kobo per share.
- Nestle’s lost N0.22 kobo in its share price after trading hours, to sell at N3,055.50 kobo from N3,395 per share.
- FTN Cocoa recorded a N0.59 kobo decline in its share price to end trading at N5.33 kobo after opening with N5.92 kobo per share.
- Chams reported a decline of N0.43 kobo from the previous share price of N4.39 kobo to end trading at N3.96 kobo per share.
Top five trading equities
- Wema Bank reported that 77.75 million shares valued at N2.02 billion were traded on its floor.
- GTCO recorded 73.66 million shares valued at N8.96 billion.
- Access Holdings saw investors trade 62.88 million of its shares valued at N1.63 billion.
- First HoldCo recorded N59.43 million shares exchanged on its floor, worth N2.97 billion.
- Zenith Bank reported that traders exchanged 49.72 million shares valued at N5.15 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.
