Prime Business Africa
The Nigerian Exchange (NGX) Limited said the market capitalisation of the stock market closed at N159.93 trillion on Friday, from N160.44 trillion on Tuesday.
Nigeria’s stock market did not open on Wednesday and Thursday due to the public holiday observed to celebrate the Eid-el-Kabir.
Join our WhatsApp ChannelAccording to the NGX, the stock market capitalisation declined by N516.62 billion after the all-share index (ASI) contracted by 805.9 basis points.
The NGX index closed at 249,484.99 ASI, below the 250,290.89 ASI reported on Tuesday.
Over 1 billion shares, worth N31.08 billion, were traded by equity traders in 79,462 deals, compared to the 493.17 million shares traded in 61,446 deals, valued at N23.61 billion, on Tuesday.
Top Five Gainers
- Zichis’ share price increased by N3, from N30 to N33 per share.
- International Energy Insurance’s share value grew by N0.41 kobo, from N4.11 kobo to N4.52 kobo per share.
- NEM Insurance’s share appreciated by N2.70 kobo, to end trading at N32.90 kobo, having opened with N30.20 kobo.
- Prestige’s share ended trading at N1.59 kobo per share, from N1.46 kobo per share – indicating an increase of N0.13 kobo.
- Ikeja Hotel’s share value was up by N3.20 kobo, after closing at N40.20 kobo, from N37 per share.
Top Five Losers
- Austin Laz’s share price depreciated by N0.44 kobo, dwindling from N4.40 kobo to N3.96 kobo per share.
- Premier Paints recorded a N3.75 kobo decline in its share price to end trading at N33.75 kobo, after opening with N37.50 kobo per share.
- Chemical and Allied Products recorded a N19.90 kobo decline in its share price to end trading at N179.10 kobo, after opening with N199 per share.
- LivingTrust lost N0.44 kobo in its share price, to sell at N4.01, down from N4.45 kobo per share.
- John Holt reported a decline of N1.85 kobo, from the previous share price of N18.80 kobo, to end trading at N16.95 kobo per share.
Top Five Trading Equities
- Fidelity Bank reported 477.69 million shares valued at N8.61 billion were traded on its floor.
- Access Holdings recorded 110.92 million shares valued at N2.68 billion.
- TIP saw investors trade 66.93 million of its shares valued at N1.77 billion.
- Chams recorded 23.67 million shares exchanged on its floor, worth N93.81 million.
- Dangote Sugar reported that traders exchanged 18.69 million shares valued at N1.34 billion.
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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.
