Prime Business AfricaThe stock market continued its upward trend on Wednesday, May 14, as the equity capitalisation rose by N186.47 billion after the all-share index (ASI) appreciated by 0.27 percent.
According to data obtained from the Nigerian Exchange Limited (NGX), the market capitalisation grew from N68.35 trillion to N68.54 trillion, while the ASI expanded from 108,762.6 to 109,059.33 index.
Join our WhatsApp ChannelAbout 531.28 million shares were exchanged in 14,870 deals, worth N19,80 billion, against Tuesday’s 498.48 million shares traded in 14,916 deals, valued at N10,78 billion.
Top five gainers
- NNFM’s share price increased by N9.05 to rise from N90.50 kobo to N99.55 kobo per share.
- MCNichols’ share value grew by N0.16 kobo, up from N1.60 kobo to N1.76 kobo per share.
- Champion ended trading at N6.10 kobo per share, from N5.55 kobo per share – indicating an increase of N0.55 kobo.
- Caverton gained N0.36 kobo to end trading at N4.04, having opened with N3.68 kobo.
- FTN Cocoa’s share value was up by N0.22 kobo, after closing at N2.50 kobo from N2.28 kobo per share.
Top five losers
- Multiverse’s share price depreciated by N1.05, dwindling from N10.90 kobo to N9.85 kobo per share.
- Geregu recorded a N114.10 kobo decline in its share price to end trading at N1141.50 kobo after opening with N1255.60 kobo per share.
- Legend Internet lost N0.48 kobo in its share price after trading hours, to sell at N8.40 kobo from N8.88 kobo per share.
- Veritas Kapital reported a decline of 4.76 percent from the previous day’s share price of N1.05 to end trading at N1 per share.
- Transcorp recorded a N2.15 kobo decline in its share price to end trading at N44.10 kobo after opening with N46.25 kobo per share.
Top five trading equities in the stock exchange
- GTCO reported that 53.27 million shares valued at N3.67 billion were traded on its floor.
- Access Corporation recorded 51.9 million shares valued at N1.10 billion.
- Fidelity Bank saw investors trade 40.54 million of its shares valued at N834.82 million.
- Nigerian Breweries recorded 35.75 million shares exchanged on its floor, worth N1.93 billion.
- Zenith Bank reported 27.35 million shares valued at N1.32 billion 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.
