Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Nigerian Stock Market Cap Up By N440.38bn, Learn Africa Leads Gainers

1 year ago
1 min read

On Wednesday, 5 June, the Nigerian stock market capitalisation settled at N33.50 trillion, rising by 1.33 per cent.

The day before, the market capitalisation ended trading with N33.05 trillion, indicating a growth of N440.38 billion.

This was driven by the All-Share Index, which closed at 61,523.57 ASI, up by  345.34 basis points from 60,715.04 ASI.

On the trading floor, about 846.32 million shares were exchanged in 9,815 deals, worth N10.30 billion on Wednesday.

Equity traders had exchanged 1.10 billion shares, valued at N12.20 billion, in 12,194 deals on Tuesday.

Top five gainers

  • Learn Africa’s share appreciated by N0.29 kobo to rise from N2.91 kobo to N3.20 kobo per share.
  • Golden Brew grew by N0.20 kobo, up from N2.01 to N2.21 kobo per share.
  • Chellaram ended trading with N1.46 kobo from N1.33 kobo per share, rising by N0.13 kobo.
  • John Holt gained N0.10 kobo to end trading at N1.14 kobo, having opened with N1.04 per share.
  • Omatek’s stock was up by 9.52 per cent, closing at N0.46 kobo from N0.42 kobo per share.

Top five losers

  • NEM depreciated by N0.62 kobo, dwindling from N6.20 kobo to N5.58 kobo per share.
  • Mutual Benefit also declined by 10 per cent to end trading at N0.54 kobo, after opening at N0.60 kobo per share.
  • Lasaco followed the same path, losing N0.23 kobo after trading hours, to sell at N2.07 from N2.30 kobo per share.
  • NSLTECH reported a decline of 10 per cent from the previous day’s share price of N0.30 kobo to end trading at N0.27 kobo per share.
  • Wapic’s share depreciated to N0.73 kobo from N0.81 kobo, after losing 9.88 per cent during trading hours.

Top five trading equities in the stock exchange

  • FBN Holdings reported 89.23 million shares, valued at N1.64 billion, were traded on its floor.
  • Transcorp recorded 89.23 million shares valued at N323.50 million.
  • Access Corporation saw investors trade 85.91 million shares valued at N1.53 billion.
  • FCMB recorded 85.03 million shares exchanged on its floor, worth N477.15 million.
  • UBA reported 57.51 million shares, valued at N749.76 million, exchanged investors’ hands.


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