Prime Business AfricaOn Tuesday, May 6, the equity capitalisation of the Nigerian stock market increased by N1.04 trillion from N67.06 trillion on Monday, May 5, to N68.10 trillion, after the all-share index (ASI) appreciated by 1.55 percent.
The all-share index had appreciated to 108,361.1 ASI from 106,698.5 index.
Join our WhatsApp ChannelAlso, trading closed with investors exchanging 475.45 million shares in 17,575 deals, worth N13.89 billion, compared to the previous day’s 569.04 million shares traded in 18,612 deals worth N18.93 billion.
Top five gainers
- Nestle’s share price increased by N110 to rise from N1100 kobo to N1210 per share.
- Ecobank’s share value grew by N2.35 kobo, up from N23.50 kobo to N25.85 kobo per share.
- NNFM ended trading at N82.50 kobo per share, from N75 per share – indicating an increase of N7.50 kobo.
- Beta Glass gained N12.05 to end trading at N132.80 kobo, having opened with N120.75 kobo.
- Austin Laz’s share value was up by N0.17 kobo, after closing at N1.88 kobo from N1.71 kobo per share.
Top five losers
- Guinea Insurance’s share price depreciated by 8.70 percent, dwindling from N0.69 kobo to N0.63 kobo per share.
- Daar Communications recorded a 6.78 percent decline in its share price to end trading at N0.55 kobo after opening with N0.59 kobo per share.
- VFD Group lost N1.20 kobo in its share price after trading hours, to sell at N17 from N18.20 kobo per share.
- Wapic reported a decline of N0.13 kobo from the previous day’s share price of N2.14 kobo to end trading at N2.01 per share.
- Regal Insurance recorded a 4.69 percent decline in its share price to end trading at N0.61 kobo after opening with N0.64 kobo per share.
Top five trading equities in the stock exchange
- Access Corporation reported that 103.91 million shares valued at N2.20 billion were traded on its floor.
- GTCO recorded 37.98 million shares valued at N2.42 billion.
- UBA saw investors trade 30.73 million of its shares valued at N1.03 billion.
- Sterling Financial Holding recorded 27.17 million shares exchanged on its floor, worth N147.24 million.
- Zenith Bank reported 26.18 million shares valued at N1.23 billion 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.
