Prime Business Africa
The Nigerian Exchange (NGX) said the market capitalisation of the stock market dropped marginally by N3 billion on Thursday, April 2.
According to the NGX, the market capitalisation decreased slightly to N129.806 trillion, N129.809 trillion on Wednesday, April 1.
Join our WhatsApp ChannelIn the same vein, the all-share index (ASI) contracted by 4.66 basis points, from 201,703.55 ASI to 201,698.89 ASI.
During trading on Thursday, over 559.97 million shares were traded in 49,676 deals valued at N19.26 billion, falling below the 815.47 million shares, valued at N33.28 billion, traded in 52,641 deals.
Top five gainers
- Unilever’s share price increased by N9.40 kobo, from N94 to N103.40 kobo per share.
- Fortis Global Insurance’s share value grew by N0.11 kobo, from N1.12 kobo to N1.23 kobo per share.
- Multiverse’s share appreciated by N1.80 kobo to end trading at N20.15 kobo, having opened with N18.35 kobo.
- Legend Internet ended trading at N6.30 kobo per share, from N5.76 kobo per share – indicating an increase of N0.54 kobo.
- Zchis Agro’s share value was up by N1.17 kobo, after closing at N4.14 kobo from N2.97 kobo per share.
Top five losers
- John Holt share price depreciated by N1.70 kobo, dwindling from N17.15 kobo to N15.45 kobo per share.
- Abbey Mortgage Bank recorded a N0.95 kobo decline in its share price to end trading at N8.95 kobo after opening with N9.90 kobo per share.
- International Energy Insurance’s lost N0.23 kobo in its share price after trading hours, to sell at N3.32 kobo from N3.55 kobo per share.
- Chams recorded a N0.21 kobo decline in its share price to end trading at N3.75 kobo after opening with N3.96 kobo per share.
- Tantalizer reported a decline of N0.22 kobo from the previous share price of N4.25 kobo to end trading at N4.03 per share.
Top five trading equities
- NSLTECH reported that 59.69 million shares valued at N611.28 million were traded on its floor.
- Wema Bank recorded 51.96 million shares valued at N1.35 billion.
- VFD Group saw investors trade 36.03 million of its shares valued at N410.44 million.
- Access Holdings recorded N35.24 million shares exchanged on its floor, worth N914.83 million.
- Chams reported that traders exchanged 30.99 million shares valued at N115.02 million.
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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.
