Prime Business AfricaThe market capitalisation of the Nigerian Exchange Limited (NGX) increased to N83.39 trillion on Monday, July 21, from N83.24 trillion recorded on Friday, July 18.
This represents an increase of N152.79 billion.
Join our WhatsApp ChannelAlso, the all-share index (ASI) increased to 131,826.77 ASI, from 131,585.66 ASI, representing an expansion of 241.11 basis points.
Over 706,03 million shares were exchanged in 30,750 deals, valued at N21,55 billion, compared to the 3.34 billion shares, worth N62.38 billion, traded in 28,593 deals on Friday.
Top five gainers
- NCR share price increased by N0.60 kobo, to rise from N6.60 kobo to N7.26 kobo per share.
- Cutix’s share value grew by N0.37 kobo, from N3.70 kobo to N4.07 per share.
- International Energy Insurance ended trading at N2.20 kobo per share, from N2 per share – indicating an increase of N0.20 kobo.
- TIP gained N1 to end trading at N11.03, having opened with N10.03.
- Caverton’s share value was up by N0.63 kobo, after closing at N7.09 from N6.46 kobo per share.
Top five losers
- Meyer Paints’ share price depreciated by N2.10 kobo, dwindling from N21 to N18.90 kobo per share.
- McNichols recorded a N0.38 kobo decline in its share price to end trading at N3.44 kobo after opening with N3.82 kobo per share.
- Thomas Wyatt lost N0.37 kobo in its share price after trading hours, to sell at N3.39 kobo from N3.76 kobo per share.
- Deap Capital reported a decline of N0.13 kobo from the previous day’s share price of N1.33 kobo to end trading at N1.20 kobo per share.
- Sovereign Insurance recorded a N0.13 kobo decline in its share price to end trading at N1.22 kobo after opening with N1.35 kobo per share.
Top five trading equities
- Access Holdings reported that 61.73 million shares valued at N1.63 billion were traded on its floor.
- Consolidated Hallmark recorded 43.98 billion shares valued at N133.77 million.
- Chams saw investors trade 38.66 million of its shares valued at N118.42 million.
- UBA recorded 32.88 million shares exchanged on its floor, worth N1.50 billion.
- Zenith Bank reported 24.60 million shares valued at N1.72 billion exchanged in investors’ hands.
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(Editor’s note: The market capitalisation for Friday was corrected in the first paragraph.)
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.
