Prime Business Africa
The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N121.55 trillion on Tuesday, February 17, from the N122.12 trillion recorded on Monday, February 16.
This represents a decline of N577.40 billion in the market capitalisation, driven by a 0.47 percent depreciation in the all-share index (ASI).
Join our WhatsApp ChannelThe index shed 899.5 basis points from Monday’s 190,262.44 ASI to drop to 189,362.94 ASI.
The volume of shares traded on the NGX increased to 1.19 billion in 86,607 deals, valued at N60.19 billion, compared to the previous day’s 1.07 billion shares exchanged in 64,821 deals, valued at N64.02 billion.
Top five gainers
- FGSUK2032S7’s share price increased by N14 to rise from N100 to N114 per share.
- Associated Bus Company’s share value grew by N0.82 kobo, from N8.25 kobo to N9.07 per share.
- ZICHIS Agro ended trading at N13.06 per share, from N11.88 kobo per share – indicating an increase of N1.18 kobo.
- Redstar Express’ share appreciated by N2.65 kobo to end trading at N29.50 kobo, having opened with N26.85 kobo.
- Meyer Paint’s share value was up by N2.05, after closing at N22.95 kobo from N20.90 kobo per share.
Top five losers
- Mecure’s share price depreciated by N10.40 kobo, dwindling from N104 to N93.60 kobo per share.
- Skyway Aviation recorded a N13 decline in its share price to end trading at N117 after opening with N130 per share.
- Zenith Bank lost N8.95 kobo in its share price after trading hours, to sell at N80.55 kobo from N89.50 kobo per share.
- RT Briscoe recorded a N1.56 kobo decline in its share price to end trading at N14.12 kobo after opening with N15.68 kobo per share.
- Tripple Gee reported a decline of N0.65 kobo from the previous share price of N6.65 kobo to end trading at N6 per share.
Top five trading equities
- Access Holdings reported that 103.48 million shares valued at N2.71 billion were traded on its floor.
- Zenith Bank recorded 93.09 million shares valued at N8 billion.
- Japaul Gold saw investors trade 73.78 million of its shares valued at N223.57 million.
- First HoldCo recorded 54.32 million shares exchanged on its floor, worth N2.64 billion.
- NSLTECH reported that traders exchanged 45.92 million shares valued at N83.29 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.
