Prime Business Africa
On Friday, the market capitalisation of the Nigerian Exchange (NGX) increased by N1.38 trillion.
The market capitalisation increased from N154.44 trillion on Thursday to N155.82 trillion on Friday.
Join our WhatsApp ChannelNGX’s market capitalisation surged following a 2,142.38 basis points increase in the all-share index (ASI), which appreciated from 239,156.09 ASI to 241,298.47 ASI.
The Nigerian stock market recorded 605.16 million shares traded in 38,421 deals, valued at N29.87 billion, compared to the 499.95 million shares traded for N35.14 billion in 40,323 deals on Thursday.
Top Five Gainers
- Seplat’s share price increased by N1120, from N11,200 to N12,320.60 kobo per share.
- Transcorp Hotels’ share ended trading at N265.50 kobo per share, from N241.90 kobo per share – indicating an increase of N23.60 kobo.
- Omatek share value grew by N0.13 kobo, from N1.37 kobo to N1.50 kobo per share.
- DAAR Communications’ share appreciated by N0.13 kobo to end trading at N1.51 kobo, having opened at N1.38 kobo.
- UPL share value was up by N0.45 kobo, after closing at N5.70 kobo, from N5.25 kobo per share.
Top Five Losers
- Total’s share price depreciated by N64, dwindling from N640 to N576 per share.
- HM Call recorded a N0.36 kobo decline in its share price to end trading at N3.74 kobo, after opening with N4.10 kobo.
- ETranzact reported a N1.25 kobo decline in its share price to end trading at N13.25 kobo, after opening with N14.50 kobo per share.
- Austin Laz lost N0.20 kobo in its share price, to sell at N2.50 kobo, down from N2.7 kobo per share.
- Ava Capital reported a decline of N0.50 kobo, from the previous share price of N7, to end trading at N6.50 kobo per share.
Top Five Trading Equities
- Jaiz Bank reported that 210.70 million shares valued at N1.58 billion were traded on its floor.
- Access Holdings recorded 42.33 million shares valued at N1.22 billion.
- Zenith Bank saw investors trade 41.87 million of its shares valued at N5.03 billion.
- International Energy Insurance recorded 35.57 million shares exchanged on its floor, worth N94.37 million.
- Chams reported that traders exchanged 34.33 million shares valued at N131.36 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.
