Prime Business Africa
The Nigerian Exchange’s (NGX) market capitalisation continued to appreciate marginally as the valuation of the bourse increased to N105.96 trillion on Monday, January 26.
In the data for the stock market performance, NGX said the market capitalisation increased by N3.44 billion from the N105.95 trillion reported on Friday, January 23.
Join our WhatsApp ChannelThe data also showed that the all-share index (ASI) appreciated by just 5.38 basis points to 165,517.56 ASI, from 165,512.18 ASI.
NGX added that equity traders exchanged 601.64 million shares in 58,429 deals, worth N17.30 billion, compared to the 731.66 million shares traded on Friday, in 44,005 deals, valued at N19.04 billion.
Top five gainers
- NPF Microfinance Bank’s share price increased by N0.51 kobo to rise from N5.10 kobo to N5.61 kobo per share.
- Morison’s share value grew by N0.75 kobo, from N7.52 kobo to N8.27 kobo per share.
- UHOM REIT ended trading at N78.45 kobo per share, from N71.35 kobo per share – indicating an increase of N7.10 kobo.
- Deap Capital gained N0.71 kobo to end trading at N7.85 kobo, having opened with N7.14 kobo.
- ZICHIS Agro’s share value was up by N0.26 kobo, after closing at N2.88 kobo from N2.62 kobo per share.
Top five losers
- May & Baker’s share price depreciated by N4.35 kobo, dwindling from N43.50 kobo to N39.15 kobo per share.
- Neimeth recorded a N1.30 kobo decline in its share price to end trading at N11.95 kobo after opening with N13.25 kobo per share.
- Associated Bus Company (ABC) lost N0.53 kobo in its share price after trading hours, to sell at N5.15 kobo from N5.68 kobo per share.
- CWG recorded a N2.20 kobo decline in its share price to end trading at N22.10 kobo after opening with N24.30 kobo per share.
- Sovereign Insurance reported a decline of N0.34 kobo from the previous day’s share price of N3.79 kobo to end trading at N3.45 kobo per share.
Top five trading equities
- Chams reported that 41.57 million shares valued at N210.05 million were traded on its floor.
- Access Holdings recorded 34.35 million shares valued at N768.55 million.
- GTCO saw investors trade 31.55 million of its shares valued at N3.10 billion.
- Zenith Bank recorded 25.97 million shares exchanged on its floor, worth N1.84 billion.
- Guinea Insurance reported that traders exchanged 25.04 million shares valued at N33.23 million.
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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.
