Prime Business Africa
The Nigerian stock market rebounded with a N827.29 billion gain on Thursday, as the bourse’s market capitalisation increased to N158.27 trillion.
Nigerian Exchange’s (NGX) market capitalisation increased from the N157.45 trillion recorded on Wednesday, after the all-share index (ASI) expanded by 406.51 basis points.
The index expanded from 244,802.83 ASI to 245,209.34 ASI.
Join our WhatsApp ChannelOver 531.77 million shares were traded in 44,826 deals, valued at N20.46 billion on Thursday, compared to the previous day’s 757.75 million shares traded in 45,975 deals, worth N21.06 billion.
Top Five Gainers
- Eterna’s share price increased by N3.30 kobo, from N33 to N36.30 kobo per share.
- Ava Capital share value grew by N1.05 kobo, from N10.90 kobo to N11.95 kobo per share.
- Legend Internet’s share appreciated by N0.40 kobo to end trading at N4.60 kobo, having opened with N4.20 kobo.
- FCMB’s share ended trading at N12.70 kobo per share, from N11.70 kobo per share – indicating an increase of N1.
- Honeywell Flour share value was up by N1.30 kobo, after closing at N17.60 kobo, from N16.30 kobo per share.
Top Five Losers
- Fortis Global Insurance’s share price depreciated by N0.28 kobo, dwindling from N2.80 kobo to N2.52 kobo per share.
- Ecobank recorded an N8 decline in its share price to end trading at N72.10 kobo, after opening with N80.10 kobo.
- Chellaram reported a N1.30 kobo decline in its share price to end trading at N11.90 kobo, after opening with N13.20 kobo per share.
- Thomas Wyatt lost N0.35 kobo in its share price, to sell at N3.21 kobo, down from N3.56 kobo per share.
- UPDC reported a decline of N0.30 kobo, from the previous share price of N3.55 kobo, to end trading at N3.25 kobo per share.
Top Five Trading Equities
- FCMB reported that 131.74 million shares valued at N1.59 trillion were traded on its floor.
- First HoldCo recorded 43.44 million shares valued at N5.95 billion.
- Ava Capital saw investors trade 36.32 million of its shares valued at N432.03 million.
- Chams recorded 36.26 million shares exchanged on its floor, worth N149.74 billion.
- Access Holdings reported that traders exchanged 24.43 million shares valued at N638.76 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.
