Prime Business AfricaOver N491.83 billion was lost at the end of trading on Friday, June 27, after the stock market capitalisation declined to N75.96 trillion from N76.45 trillion on Thursday, June 26.
Similarly, the all-share index (ASI) nosedived to 119,995.76 ASI, losing 776.92 basis points from the previous day’s 120,772.68 ASI.
Join our WhatsApp ChannelThe value of shares traded fell to N12.78 billion on Friday, as investors exchanged 625.78 million shares in 21,800 deals, compared to Thursday’s N18.22 billion exchanged for 892.97 million shares in 25,375 deals.
Top five gainers
- Neimeth’s share price increased by N0.54 kobo, to rise from N5.40 kobo to N5.94 kobo per share.
- Learn Africa’s share value grew by N0.46 kobo, from N4.64 kobo to N5.10 kobo per share.
- Mecure ended trading at N12.20 kobo per share, from N11.10 kobo per share – indicating an increase of N1.10 kobo.
- Academy gained N0.44 kobo to end trading at N5.10 kobo, having opened with N4.66 kobo.
- SMURFIT’s share value was up by 9.09 percent, after closing at N0.60 kobo from N0.55 kobo per share.
Top five losers
- Legend Internet’s share price depreciated by N0.89 kobo, dwindling from N8.92 kobo to N8.03 per share.
- BUA Cement recorded a N10.50 kobo decline in its share price to end trading at N95.40 kobo after opening with N105.90 kobo per share.
- FTN Cocoa lost N0.36 kobo in its share price after trading hours, to sell at N3.33 kobo from N3.69 kobo per share.
- Oando reported a decline of N5.40 kobo from the previous day’s share price of N61.90 kobo to end trading at N56.50 kobo per share.
- McNchols recorded a N0.20 kobo decline in its share price to end trading at N2.17 kobo after opening with N2.37 kobo per share.
Top five trading equities
- Japaul Gold reported that 88.26 million shares valued at N192.04 million were traded on its floor.
- Ellah Lakes recorded 80.03 million shares valued at N555.74 million.
- Access Holdings saw investors trade 56.01 million of its shares valued at N1.24 billion.
- Caverton recorded 53.98 million shares exchanged on its floor, worth N271.14 million.
- Zenith Bank reported 30.54 million shares valued at N1.75 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.
