Prime Business Africa
At the end of trading on Wednesday, November 19, the equity capitalisation of the Nigerian Exchange (NGX), also known as the stock market, dropped to N92 trillion, from the previous day’s N92.21 trillion.
This followed a 340.5 basis points drop from the all-share index (ASI), which declined from 144,986.51 ASI. to 144,646.01 index points.
Join our WhatsApp ChannelThe decline occurred after over 892.52 million shares were exchanged by equity traders in 20,225 deals, worth N23.54 billion, compared to the 381.23 million shares, valued at N16.71 billion, traded in 21,827 deals, on Tuesday, November 18.
Top five gainers
- FGSUK2031S4’s share price increased by N18.92 kobo to rise from N77.04 to N95.96 kobo per share.
- NCR’s share value grew by N3.05, from N30.95 kobo to N34 per share.
- Caverton ended trading at N5.65 kobo per share, from N5.15 kobo per share – indicating an increase of N0.50 kobo.
- UAC Nigeria gained N5.25 kobo to end trading at N68.30 kobo, having opened with N63.05.
- Mutual Benefits’ share value was up by N0.26 kobo, after closing at N3.64 kobo from N3.38 kobo per share.
Top five losers
- Universal Insurance’s share price depreciated by N0.13 kobo, dwindling from N1.30 kobo to N1.17 kobo per share.
- Lotus Hal15 recorded an N8.51 kobo decline in its share price to end trading at N76.70 kobo after opening with N85.21 kobo per share.
- Associated Bus Transport lost N0.38 kobo in its share price after trading hours, to sell at N3.44 kobo from N3.82 kobo per share.
- LivingTrust reported a decline of N0.37 kobo from the previous day’s share price of N3.73 kobo to end trading at N3.36 kobo per share.
- Chellaram recorded a N1.60 kobo decline in its share price to end trading at N14.65 kobo after opening with N16.25 kobo per share.
Top five trading equities
- Access Corporation reported that 488.36 million shares valued at N10.57 billion were traded on its floor.
- Tantalizer recorded 70.90 million shares valued at N195.27 million.
- Japaul Gold saw investors trade 54.04 million of its shares valued at N117.34 million.
- Zenith Bank recorded 34.54 million shares exchanged on its floor, worth N2.07 billion.
- Consolidated Hallmark Insurance reported 31.26 million shares valued at N125.08 million exchanged in investors’ hands.
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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.
