Prime Business Africa
The Nigerian Exchange (NGX) Limited said the market capitalisation of the stock market dropped marginally by 0.05 percent to N93.62 trillion on Wednesday, December 10.
This means N33.80 billion was wiped off the NGX at the end of trading as the bourse’s market capitalisation had decreased below the N93.65 trillion recorded on Tuesday, December 9.
Join our WhatsApp ChannelAlso, the all-share index (ASI) declined from 146,940.29 ASI to 146,862 ASI, indicating a drop of 78.29 basis points.
On the trading floor, equity traders exchanged 747.08 million shares in 19,161 deals, valued at N12.42 billion, compared to the 1.97 billion shares, valued at N30.23 billion, traded in 23,038 deals on Tuesday.
Top five gainers
- Japaul Gold’s share price increased by N0.23 kobo to rise from N2.30 kobo to N2.53 kobo per share.
- Prestige’s share value grew by N0.14 kobo, from N1.49 kobo to N1.63 kobo per share.
- Mecure ended trading at N34.90 kobo per share, from N32.40 kobo per share – indicating an increase of N2.50 kobo.
- TIP gained N0.85 kobo to end trading at N12.50 kobo, having opened with N11.65 kobo.
- Consolidated Hallmark Insurance’s share value was up by N0.28 kobo, after closing at N4.30 kobo from N4.02 per share.
Top five losers
- Chams’ share price depreciated by N0.34 kobo, dwindling from N3.40 kobo to N3.06 per share.
- HM Call recorded a N0.39 kobo decline in its share price to end trading at N4 after opening with N4.39 kobo per share.
- UAC Nigeria lost N7.20 kobo in its share price after trading hours, to sell at N80.80 kobo from N88 per share.
- LotusHal15 recorded a N6.30 kobo decline in its share price to end trading at N82 after opening with N88.30 kobo per share.
- Sunu Assurance reported a decline of N0.30 kobo from the previous day’s share price of N4.30 kobo to end trading at N4 per share.
Top five trading equities
- Cutix reported that 122.91 million shares valued at N369.08 million were traded on its floor.
- FCMB recorded 80.66 million shares valued at N879.25 million.
- Consolidated Hallmark Insurance saw investors trade 71.17 million of its shares valued at N286.39 million.
- Fidelity Bank recorded 63.83 million shares exchanged on its floor, worth N1.21 billion.
- Tantalizer reported 57.83 million shares valued at N136.45 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.
