Prime Business AfricaOn Wednesday, April 16, the market capitalisation of the Nigerian stock market lost N444.98 billion to settle at N65.25 trillion from N65.70 trillion recorded on Tuesday, April 15.
This dragged the all-share index (ASI) down by 0.67 percent or 708.14 basis points, as it declined from 104,560.02 ASI to 103,851.88 index.
Join our WhatsApp ChannelOn the trading floor, 351,65 million shares, valued at N13,71 billion, were exchanged in 12,141 deals, against the 368.76 million shares investors exchanged in 13,228 deals worth N10.87 billion.
Top five gainers
Abbey Mortgage Bank’s share price increased by N0.74 kobo to rise from N7.41 kobo to N8.15 kobo per share.
Sovereign Insurance’s share value grew by 7.69 percent, up from N0.91 kobo to N0.98 kobo per share.
NGX Group ended trading with N33.80 kobo, from N31.50 kobo per share – indicating an increase of N2.30 kobo.
Fidelity Bank gained N1.15 kobo to end trading at N18.20 kobo, having opened with N17.05.
Deap Capital’s share value was up by 6.67 percent, closing at N0.96 kobo from N0.90 kobo per share.
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Top five losers
IMG’s share price depreciated by N3.80 kobo, dwindling from N38 to N34.20 kobo per share.
Guinea Insurance recorded a 9.52 percent decline in its share price to end trading at N0.57 kobo after opening with N0.63 kobo per share.
UPDC REIT lost N0.50 kobo in its share price after trading hours, to sell at N5.60 kobo from N6.10 kobo per share.
DAAR Communications reported a decline of 7.94 percent from the previous day’s share price of N0.63 kobo to end trading at N0.58 kobo per share.
C&I Leasing recorded a N0.30 kobo decline in its share price to end trading at N3.50 kobo after opening with N3.80 kobo per share.
Top five trading equities in the stock exchange
Access Corporation reported that 68.20 million shares valued at N1.48 billion were traded on its floor.
GTCO recorded 36.78 million shares valued at N2.17 billion.
FCMB saw investors trade 28.77 million of its shares valued at N261.89 million.
UBA recorded 26.39 million shares exchanged on its floor, worth N830.67 million.
Chams reported 24.62 million shares valued at N53.34 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.
