Prime Business Africa
The market capitalisation of the Nigerian Exchange (NGX) increased by N880.34 billion to N114.37 trillion on Wednesday, from the N113.49 trillion valuation recorded on Tuesday, February 10.
Also, the all-share index (ASI) expanded to 178,184.35 ASI, from 176,809.42 ASI, representing a gain of 1,374.93 basis points.
Join our WhatsApp ChannelOver 939.15 million shares were exchanged by traders in 61,279 deals, valued at N34.03 billion, which is below the 1.30 billion shares traded in 58,965 deals, valued at N50.42 billion, on Tuesday.
Top five gainers
- FTGINSURE’s share price increased by 10 percent to rise from N0.30 kobo to N0.33 kobo per share.
- Consolidated Hallmark’s share value grew by N0.45 kobo, from N4.50 kobo to N4.95 kobo per share.
- Nestle ended trading at N2420 per share, from N2200 per share – indicating an increase of N0.75 kobo.
- Meyer’s share appreciated by N1.90 kobo to end trading at N20.90 kobo, having opened with N19.
- CAP’s share value was up by N9, after closing at N99.20 kobo from N90.20 kobo per share.
Top five losers
- FGSUK2033S6’s share price depreciated by N51.69 kobo, dwindling from N147.99 kobo to N96.30 kobo per share.
- Honeywell Flour recorded a N2.45 kobo decline in its share price to end trading at N22.80 kobo after opening with N25.25 kobo per share.
- Neimeth lost N1.30 kobo in its share price after trading hours, to sell at N12.90 kobo from N14.20 kobo per share.
- TIP recorded a N1.20 kobo decline in its share price to end trading at N19.45 kobo after opening with N20.65 kobo per share.
- RT Briscoe reported a decline of N0.87 kobo from the previous day’s share price of N15.27 kobo to end trading at N14.40 kobo per share.
Top five trading equities
- Tantalizer reported that 85.32 million shares valued at N498.74 million were traded on its floor.
- Access Holdings recorded 61.36 million shares valued at N1.47 billion.
- Chams saw investors trade 67.29 million of its shares valued at N38.59 million.
- Japaul Gold recorded 38.24 million shares exchanged on its floor, worth N89.51 million.
- Deap Capital reported that traders exchanged 36.79 million shares valued at N314.11 million.
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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.
