Prime Business AfricaTrading ended with a 0.45 per cent or N307.16 billion increase in the Nigerian bourse’s capitalisation on Wednesday, May 7, after it rose from N68.10 trillion on Tuesday, May 6, to N68.41 trillion.
Similarly, the all-share index (ASI) appreciated by 488.73 index points from 108,361.1 ASI to 108,849.83 ASI.
Join our WhatsApp ChannelOver 587,47 million shares, valued at N18.65 billion, were traded in 17,496 deals, compared to the 475.45 million shares exchanged in 17,575 deals, worth N13.89 billion, the day before.
Top five gainers
- Meyer’s share price increased by N0.80 to rise from N8 to N8.80 kobo per share.
- UPDC REIT’s share value grew by N0.60 kobo, up from N6 kobo to N6.60 kobo per share.
- Beta Glass ended trading at N146.05 per share, from N132.80 kobo per share – indicating an increase of N13.25 kobo.
- TIP gained N0.55 kobo to end trading at N6.08, having opened with N5.53 kobo.
- Vitafoam’s share value was up by N5.05, after closing at N55.85 kobo from N50.80 kobo per share.
Top five losers
- Deap Capital’s share price depreciated by N0.12 kobo, dwindling from N1.20 kobo to N1.08 per share.
- Veritas Kapital recorded a N0.10 kobo decline in its share price to end trading at N1 after opening with N1.10 kobo per share.
- Linkage Assurance lost 6.61 percent in its share price after trading hours, to sell at N1.13 kobo from N1.21 kobo per share.
- Africa Prudential reported a decline of N0.95 kobo from the previous day’s share price of N16.95 kobo to end trading at N16 per share.
- UPDC recorded a N0.14 kobo decline in its share price to end trading at N3 after opening with N3.14 kobo kobo per share.
Top five trading equities in the stock exchange
- GTCO reported that 98.64 million shares valued at N6.56 billion were traded on its floor.
- Tantalizer recorded 75.48 million shares valued at N175.21 million.
- Fidelity Bank saw investors trade 40.46 million of its shares valued at N816.03 million.
- Zenith Bank recorded 38.47 million shares exchanged on its floor, worth N1.87 billion.
- Nigerian Breweries reported 30.51 million shares valued at N1.63 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.
