Prime Business AfricaThe market capitalisation of the Nigerian stock market rose by N256.62 billion on Thursday, May 15, to N68.80 trillion from N68.54 trillion on Wednesday, May 14.
Also, the all-share index (ASI) increased by 408.31 basis points or 0.37 percent from 109,059.33 to 109,467.64 ASI.
Join our WhatsApp ChannelInvestors exchanged N729,87 million shares, valued at N13,87 billion, in 14,743 deals, compared to the 531.28 million shares exchanged in 14,870 deals on Wednesday.
Top five gainers
- Nestle’s share price increased by N121 to rise from N1210 to N1331 per share.
- Honeywell’s share value grew by N1.50 kobo, up from N15 to N16.50 kobo per share.
- Beta Glass ended trading at N213.70 kobo per share, from N194.30 kobo per share – indicating an increase of N19.40 kobo.
- NPF Microfinance gained N0.21 kobo to end trading at N2.35 kobo, having opened with N2.14 kobo.
- Neimeth’s share value was up by N0.30 kobo, after closing at N3.37 kobo from N3.07 per share.
Top five losers
- Multiverse’s share price depreciated by N0.95 kobo, dwindling from N9.85 kobo to N8.90 kobo per share.
- WAPIC recorded a N0.10 kobo decline in its share price to end trading at N2.01 after opening with N2.11 kobo per share.
- Lasaco lost N0.11 kobo in its share price after trading hours, to sell at N2.32 kobo from N2.43 kobo per share.
- May and Baker reported a decline of N0.50 kobo from the previous day’s share price of N12.60 kobo to end trading at N13.10 kobo per share.
- AIICO recorded a 3.61 percent decline in its share price to end trading at N1.60 kobo after opening with N1.66 kobo per share.
Top five trading equities in the stock exchange
- FCMB reported that 273.03 million shares valued at N2.56 billion were traded on its floor.
- Fidelity Bank recorded 43.45 million shares valued at N896.72 million.
- Caverton saw investors trade 35.09 million of its shares valued at N144.66 million.
- AIICO recorded 33.85 million shares exchanged on its floor, worth N54.26 million.
- FTN Cocoa reported 26.35 million shares valued at N63.27 million 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.
