Prime Business AfricaThe Nigerian stock market declined on Friday, May 9, after the bourse’s equity capitalisation depreciated by N313.34 billion, to N68.33 trillion from N68.65 trillion on May 8.
This followed a 0.10 percent decline in the all-share index (ASI), which fell from 108,849.83 ASI to 108,733.4 ASI.
Join our WhatsApp ChannelSimilarly, the all-share index (ASI) appreciated by 488.73 index points from 108,361.1 ASI to 108,849.83 ASI.
Investors traded 459.21 million shares in 15,723 deals, worth N11.16 billion, against the N554.06 million shares that were exchanged on Thursday in 16,704 deals, valued at N14,34 billion.
Top five gainers
- Sterling Financial’s share price increased by N0.55 kobo to rise from N5.50 kobo to N6.05 kobo per share.
- Associated Bus Company’s share value grew by N0.26 kobo, up from N2.60 kobo to N2.86 kobo per share.
- Chellarams ended trading at N10.40 kobo per share, from N9.46 kobo per share – indicating an increase of N0.94 kobo.
- Academy gained N0.39 kobo to end trading at N4.32 kobo, having opened with N3.93 kobo.
- Redstar Express’ share value was up by N0.50 kobo, after closing at N5.55 kobo from N5.05 per share.
Top five losers
- Transcorp Power’s share price depreciated by N36.40 kobo, dwindling from N364.90 kobo to N328.50 kobo per share.
- HM Call recorded a N0.45 kobo decline in its share price to end trading at N4.25 kobo after opening with N4.70 kobo per share.
- Meyer lost N0.80 kobo in its share price after trading hours, to sell at N8 from N8.80 kobo per share.
- Regal Insurance reported a decline of 6.78 percent from the previous day’s share price of N0.59 kobo to end trading at N0.55 kobo per share.
- Sunu Assurance recorded a N0.36 kobo decline in its share price to end trading at N4.99 kobo after opening with N5.35 kobo per share.
Top five trading equities in the stock exchange
- Tantalizer reported that 101.38 million shares valued at N237.33 million were traded on its floor.
- GTCO recorded 51.28 million shares valued at N3.53 billion.
- Access Corporation saw investors trade 45.16 million of its shares valued at N975.26 million.
- Zenith Bank recorded 21.79 million shares exchanged on its floor, worth N1.05 billion.
- Sterling Financial reported 15.5 million shares valued at N91.75 million 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.
