Prime Business Africa
Over N291.93 billion was wiped off the valuation of the Nigerian Exchange (NGX), also known as the stock market, on Thursday, November 20.
The market capitalisation had nosedived from N92 trillion reported on Wednesday, November 19, to N91.71 trillion.
Join our WhatsApp ChannelAlso, the all-share index (ASI) declined by 458.98 basis points to 144,187.03 ASI, from the previous day’s 144,646.01 ASI.
Investors traded N349.28 million shares, valued at N9.29 billion, in 18,753 deals on Thursday, against the 892.52 million shares exchanged in 20,225 deals, worth N23.54 billion, on Wednesday.
Top five gainers
- NCR’s share price increased by N3.40 kobo to rise from N34 to N37.40 kobo per share.
- LotusHal15’s share value grew by N6.20 kobo, from N76.70 kobo to N82.90 kobo per share.
- Royal Exchange ended trading at N1.99 kobo per share, from N1.85 kobo per share – indicating an increase of N0.14 kobo.
- C&I Leasing gained N0.30 kobo to end trading at N5.30 kobo, having opened with N5.
- LivingTrust’s share value was up by N0.13 kobo, after closing at N3.49 kobo from N3.36 kobo per share.
Top five losers
- Neimeth’s share price depreciated by N0.55 kobo, dwindling from N5.50 kobo to N4.95 kobo per share.
- Omatek recorded a N0.13 kobo decline in its share price to end trading at N1.17 kobo after opening with N1.30 kobo per share.
- Tantalizer lost N0.25 kobo in its share price after trading hours, to sell at N2.35 kobo from N2.77 kobo per share.
- International Energy Insurance reported a decline of N0.25 kobo from the previous day’s share price of N2.60 kobo to end trading at N2.35 kobo per share.
- Wema Bank recorded a N1.70 kobo decline in its share price to end trading at N18 after opening with N19.70 kobo per share.
Top five trading equities
- Fidelity Bank reported that 54.26 million shares valued at N1.03 billion were traded on its floor.
- FCMB recorded 30.34 million shares valued at N314.93 million.
- Tantalizer saw investors trade 29.72 million of its shares valued at N77.50 million.
- GTCO recorded 25.65 million shares exchanged on its floor, worth N2.15 billion.
- Access Corporation reported 17.93 million shares valued at N378.50 million 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.
