Prime Business AfricaAfter a two-day break to celebrate Easter, the Nigerian stock market resumed trading for the week with a 0.48 percent or N317.84 billion increase in its equity capitalisation.
Data obtained from the Nigerian Exchange Limited (NGX) showed that the market capitalisation increased from N65.49 trillion on Thursday, April 17, to N65.81 trillion on Tuesday, April 22.
Join our WhatsApp ChannelAlso, the all-share index increased by 505.8 basis points from 104,233.81 index to 104,739.61 ASI.
Investors exchanged 353.28 million shares, valued at N7.19 billion, in 13,734 deals, compared to the 376.29 million shares traded by investors in 11,204 deals, worth N7.90 billion on Thursday.
Top five gainers
International Breweries’ share price increased by N0.55 kobo to rise from N5.50 kobo to N6.05 per share.
Nigerian Breweries’ share value grew by N3.60 kobo, up from N36.20 kobo to N39.80 kobo per share.
The Initiates Plc ended trading with N5, from N4.55 kobo per share – indicating an increase of N0.45 kobo.
Japaul Gold gained N0.19 kobo to end trading at N2.13 kobo, having opened with N1.94 kobo
Cornerstone’s share value was up by N0.25 kobo, closing at N2.84 kobo from N2.59 kobo per share.
Top five losers
International Energy Insurance’s share price depreciated by N0.14 kobo, dwindling from N1.48 kobo to N1.34 kobo per share.
Secure Electronic Technology recorded an 8.93 percent decline in its share price to end trading at N0.51 kobo after opening with N0.56 kobo per share.
UPL lost N0.30 kobo in its share price after trading hours, to sell at N3.10 kobo from N3.40 kobo per share.
FTN Cocoa reported a decline of N0.14 kobo from the previous day’s share price of N1.89 kobo to end trading at N1.75 kobo per share.
Wapic recorded a N0.12 kobo decline in its share price to end trading at N2.06 after opening with N2.18 kobo per share.
Top five trading equities in the stock exchange
Access Corporation reported that 38.61 million shares valued at N875.16 million were traded on its floor.
Fidelity Bank recorded 34.58 million shares valued at N651.85 million.
Chams saw investors trade 29.69 million of its shares valued at N63.57 million.
Universal Insurance recorded 27.79 million shares exchanged on its floor, worth 14.09 million.
Zenith Bank reported 23.73 million shares valued at N1.07 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.
