Prime Business Africa
The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27.
According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday, February 26.
Join our WhatsApp ChannelAlso, the all-share index (ASI) plunged by 741.04 basis points, from 193,567.81 ASI to 192,826.77 ASI.
The volume of shares traded by equity traders on the NGX decreased to 823.82 million on Friday, as 63,759 deals, worth N34.75 billion, were sealed, compared to the 868.53 million shares traded in 69,310 deals, valued at N31.48 billion, the previous day.
Top five gainers
- Sovereign Insurance’s share price increased by N0.20 kobo to rise from N2.01 to N2.21 kobo per share.
- RT Briscoe’s share value grew by N1.13 kobo, from N11.38 kobo to N12.51 kobo per share.
- NGX Group ended trading at N124 per share, from N112.95 kobo per share – indicating an increase of N11.05.
- Ellah Lakes’ share appreciated by N1.15 kobo to end trading at N13, having opened with N11.85 kobo.
- Omatek’s share value was up by N0.23 kobo, after closing at N2.60 kobo from N2.37 kobo per share.
Top five losers
- Lotus Hal15’s share price depreciated by N16.12 kobo, dwindling from N161.22 to N145.10 kobo per share.
- Mecure recorded an N8.40 kobo decline in its share price to end trading at N75.85 kobo after opening with N84.25 kobo per share.
- Meyer lost N2.05 in its share price after trading hours, to sell at N18.65 kobo from N20.70 kobo per share.
- DAAR Communications recorded a N0.23 kobo decline in its share price to end trading at N2.11 kobo after opening with N2.34 kobo per share.
- Champion Brew reported a decline of N1.25 kobo from the previous share price of N19.25 kobo to end trading at N18 per share.
Top five trading equities
- Fortis Global Insurance reported that 146.62 million shares valued at N137.28 million were traded on its floor.
- Zenith Bank recorded 79.35 million shares valued at N274.78 million.
- Access Holdings saw investors trade 66.91 million of its shares valued at N7.12 billion.
- Jaiz Bank recorded 49.53 million shares exchanged on its floor, worth N589.32 million.
- Access Holdings reported that traders exchanged 44.77 million shares valued at N1.18 billion.
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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.
