Prime Business Africa
The Nigerian Exchange (NGX), also known as the stock market, saw its market capitalisation decline marginally by N73.44 billion on Wednesday, February 25, to N124.75 trillion, from N124.82 trillion reported on Tuesday, February 24.
The all-share index (ASI) decreased by 114.41 basis points, from 194,484.61 ASI to 194,370.2 ASI.
Join our WhatsApp ChannelOn the trading floor, NGX said 1.35 billion shares, worth N45.35 billion, were traded in 69,642 deals, compared to the 1.28 billion shares, valued at N31.50 billion, in 72,218 deals.
Top five gainers
- Jaiz Bank’s share price increased by N1.27 kobo to rise from N12.76 kobo to N14.03 per share.
- Okomu Oil’s share value grew by N159.40 kobo, from N1,605.60 kobo to N1,765 per share.
- TransExpress ended trading at N2.36 kobo per share, from N2.15 kobo per share – indicating an increase of N0.21 kobo.
- Fortis Global Insurance’s share appreciated by 9.72 percent to end trading at N0.79 kobo, having opened with N0.72 kobo.
- Champion Brew’s share value was up by N0.90 kobo, after closing at N17.60 kobo from N16.70 kobo per share.
Top five losers
- RT Briscoe’s share price depreciated by N1.15 kobo, dwindling from N11.50 kobo to N10.35 kobo per share.
- LOTUSHAL15 recorded a N19.85 kobo decline in its share price to end trading at N178.65 kobo after opening with N198.50 kobo per share.
- Associated Bus Company lost N0.75 kobo in its share price after trading hours, to sell at N6.75 kobo from N7.50 per share.
- Skyway Aviation recorded a N15.45 kobo decline in its share price to end trading at N15.45 kobo after opening with N154.80 kobo per share.
- HMCall reported a decline of N0.44 kobo from the previous share price of N4.43 kobo to end trading at N3.99 kobo per share.
Top five trading equities
- Fortis Global Insurance reported that 193.69 million shares valued at N152.65 million were traded on its floor.
- Zenith Bank recorded 115.29 million shares valued at N10.57 billion.
- Japaul Gold saw investors trade 113.80 million of its shares valued at N403.65 million.
- Ellah Lakes recorded 98.14 million shares exchanged on its floor, worth N996.79 million.
- Access Holdings reported that traders exchanged 62 million shares valued at N1.65 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.
