Stock Market Cap Increases By N10bn Amid Gains In Transcorp

Over N10 billion was added to the stock market capitalisation on Monday, lifting the Nigerian bourse’s valuation to N28.44 trillion.

During the previous trading session, the market capitalisation had closed at N28.43 trillion. This means the valuation rose slightly by 0.03 per cent.

Join our WhatsApp Channel

The All-Share Index inched higher by 16.67 basis points from 52,214.62 ASI to 52,231.29 ASI.

About 626.38 million shares exchanged investors’ hands on Monday in 6,033 deals, worth N5.59 billion, contrasting with the 1.41 billion shares exchanged in 5,527 deals on Friday, worth N10.98 billion.

Top five gainers

Oando’s share appreciated by N0.55kobo to rise from N5.55kobo to N6.10kobo per share.
NCR grew by N0.25kobo, up from N2.56kobo to N2.81kobo per share.
Transcorp ended trading with N2.84kobo from N2.59kobo per share, rising by N0.25kobo.
Ikeja Hotel gained N0.15kobo to end trading at N1.71kobo, having opened with N1.56kobo per share.
Julius Berger’s stock was up by N2.50kobo, closing at N31 from N28.50kobo per share.

Top five losers

CWG depreciated by N0.20kobo, dwindling from N2.07 to N1.87kobo per share.
NEM also fell by N0.43kobo to end trading at N4.12kobo, after opening at N4.55kobo per share.
Royal Exchange followed the same path, losing 7.41 per cent after trading hours, to sell at N0.50kobo from N0.54kobo per share.
Cutix reported a decline of N0.10kobo from the previous day’s share price of N2.42kobo to end trading at N2.32kobo per share.
AIICO share depreciated to N0.557kobo from N0.59kobo, after losing 3.39 per cent during trading hours.

Top five trading equities in the stock exchange

Transcorp reported 190.85 million shares, valued at N530.82 million, were traded on its floor.
Access Corporation recorded 125.05 million shares valued at N1.24 billion.
FBN Holdings saw investors trade 79.70 million of its shares valued at N956.47 million.
UBA recorded 39.10 million shares exchanged on its floor, worth N324.29 million.
Royal Exchange reported 27.92 million shares, valued at N14.21 million, exchanged in investors’ hands.

Fakoyejo Olalekan

+ posts

Latest from Business

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

Trading was sluggish in the Nigerian Exchange (NGX) on Monday, February 2, as the all-share index (ASI) expanded slightly by 14.23 basis points. The ASI closed at 165,384.63 index, up from the 165,370.4 ASI reported on Friday, January 30.Join our WhatsApp Channel

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Femi Otedola’s Investment In First HoldCo Now N362.48bn

Femi Otedola, the chairman of First HoldCo, has increased his stake in the financial institution by 6.32 percent, from 11.8 percent held at the end of 2024 to 18.12 percent as of December 31, 2025. In the company’s unaudited consolidated and separate

Shenzhen Gold Trading Platform Jieworui Faces Redemption Crisis, Government Task Force Steps In

A Shenzhen-based gold trading platform, operated by Shenzhen Jiewo Rui Jewelry Co., Ltd., has come under official scrutiny after reports emerged of widespread redemption difficulties, with many investors unable to withdraw cash or receive gold they purchased. The situation has drawn public

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

First HoldCo Absorbs ₦748bn Loan Losses, Says Balance Sheet Now Stronger for Recapitalisation Drive

First Bank Holding Company (First HoldCo) has said its decision to recognise ₦748 billion in legacy bad loans in one sweep has placed the group on a stronger footing ahead of the Central Bank of Nigeria’s (CBN) planned banking sector recapitalisation, despite

Gold remains too hot to chase, too hot to short

Gold, Silver Suffer Historic Losses as Fed Policy Shift Jolts Markets

Global precious metals markets were thrown into turmoil on Friday as gold prices fell by about 12 per cent while silver plunged as much as 33 per cent, marking one of the sharpest sell-offs in decades, according to multiple market trackers and

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.