Prime Business Africa
The all-share index (ASI) contracted marginally by 221.14 basis points on Thursday, leading to the market capitalisation of the Nigerian Exchange (NGX) declining by N32.15 billion.
According to data obtained from the NGX, the all-share index declined to 242,145.61 index, from the 242,366.75 ASI reported on Wednesday.
The market capitalisation of the Nigerian stock market followed the same path, dropping from the previous day’s N156.23 trillion to N156.20 trillion.
Join our WhatsApp ChannelTrading closed on Thursday with investors exchanging 498.44 million shares in 39,484 deals, valued at N34.87 billion, exceeding the 476.33 million shares traded in 40,992 deals, and valued at N29.62 billion, the day before.
Top Five Gainers
- TAJSUKS2’s share price increased by N9.50 kobo, from N89.9 kobo to N99.50 kobo per share.
- First HoldCo’s share value grew by N7.90 kobo, from N79.35 kobo to N87.25 kobo per share.
- MCNichols’ share appreciated by N0.40 kobo to end trading at N5.40 kobo, having opened with N5.
- UBA’s share ended trading at N44.25 kobo per share, from N41 per share – indicating an increase of N3.25 kobo.
- VEritas Kapital’s share value was up by N0.10 kobo, after closing at N1.56 kobo, from N1.46 kobo per share.
Top Five Losers
- FGSUK2032S7 share price depreciated by N15.22 kobo, dwindling from N130.72 kobo to N115.50 kobo per share.
- Eunisell recorded a N21 decline in its share price to end trading at N189, after opening with N210.
- BUA Cement reported a N30.60 kobo decline in its share price to end trading at N275.60 kobo, after opening with N306.20 kobo per share.
- Chemical and Allied Products (CAP) lost N15.15 kobo in its share price, to sell at N142.45 kobo, down from N157.60 kobo per share.
- Royal Exchange reported a decline of N0.15 kobo, from the previous share price of N1.57 kobo, to end trading at N1.42 kobo per share.
Top Five Trading Equities
- Japaul Gold reported that 77.65 million shares valued at N231.52 million were traded on its floor.
- Access Holdings recorded 41.16 million shares valued at N1.01 billion.
- First HoldCo saw investors trade 38.80 million of its shares valued at N3.38 billion.
- United Bank for Africa (UBA) recorded 31.52 million shares exchanged on its floor, worth N1.38 billion.
- Fidelity Bank reported that traders exchanged 23.80 million shares valued at N495 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.
