• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Thursday, July 10, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Market capitalisation gains N347bn as FCMB lists 19.803bn shares

Nathaniel Irobi by Nathaniel Irobi
January 31, 2025
in Business
0
Market capitalisation gains N347bn as FCMB lists 19.803bn shares
0
SHARES
5
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Naira Down to N1,565/$ in Parallel Market

NNPC Reduces Petrol Price to N910 per Litre in Abuja

H1: At -10.12%YtD, Oil & Gas Index Emerges Worst Performing Indicator on NGX

The Nigerian stock market maintained its upward momentum on Thursday, driven by the listing of 19.803 billion ordinary shares of FCMB Plc at 50k per share.

This contributed an additional N347 billion gains to the market capitalisation at the close of the session.

Notably, the market capitalisation, which opened at N64.521 trillion, rose by 0.54 per cent or N347 billion to close at N64.868 trillion.

The All-Share Index also gained 0.19 per cent to close at 104,744.43, against 104,549.74 recorded on Wednesday.

As a result the Year-To-Date (YTD) return advanced to 1.77 per cent.

Market breadth also closed positive with 39 gainers and 25 losers on the floor of the Exchange.

On the gainers chart, Chellarams Plc and Honeywell Flour led by 10 per cent each to close at N5.94 and N9.35 per share respectively.

NNFM trailed by 9.98 per cent to close at N55.10, Red Star Express gained 9.89 per cent to close at five Naira and Sky Aviation added 9.89 per cent to close at N40 per share.

On the losers side, Guinea Insurance Plc led by 10 per cent to close at 72k, RT Briscoe followed by 9.70 per cent to close at N2.70 per share.

Veritas Kapital Assurance declined by 9.30 per cent to close at N1.17, May & Baker shed 8.95 per cent to close at N8.65 and Daar Communications lost 7.14 per cent to close at 78k per share.

ALSO READ:  FG Greenlights ExxonMobil's $1.3 Billion Asset Sale to Seplat

Meanwhile, trading activity on the Exchange declined in value by 21.04 per cent.

Investors exchanged N497.36 million shares in value of N11.84 billion across 13,716 deals, compared with 421.62 million shares worth N15 billion traded across 16,256 deals, posted in the previous session.

FBN Holdings led the activity chart in volume and value, with 83 million shares exchanged across 287 deals worth N2.4 billion.(NAN)

Tags: capitalisationFCMB
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Naira’s Appreciation Deepens, Gaining N12.34 Against Dollar

Naira Down to N1,565/$ in Parallel Market

by Nathaniel Irobi
July 8, 2025
0

The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,560 per dollar last weekend. Similarly, the...

NNPC Ltd Refutes Viral Claims of Contaminated Fuel Sold in Bottles and Jerrycans

NNPC Reduces Petrol Price to N910 per Litre in Abuja

by Nathaniel Irobi
July 7, 2025
0

The Nigerian National Petroleum Company (NNPC) Limited has announced a reduction in petrol prices in Abuja. According to The Cable's...

Transactions on Nigerian Stock Market Hit N3.4 Trillion in 5 Months

H1: At -10.12%YtD, Oil & Gas Index Emerges Worst Performing Indicator on NGX

by Nathaniel Irobi
July 7, 2025
0

The Nigerian Exchange Limited (NGX) Oil & Gas Index depreciated by 10.12 per cent in its half year (H1) 2025...

Recommended

Customs Nabs N654m in Foreign Currency at Kano Airport, EFCC to Pursue Prosecution

Customs Nabs N654m in Foreign Currency at Kano Airport, EFCC to Pursue Prosecution

23 hours ago
Nigeria Police Force Extends Tinted Glass Permit Deadline to August 12 Due to Public Feedback

Attack On Kano Emir’s Palace: CSOs Seek Police Investigation

2 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (737)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,167)
  • News (8,123)
  • Opinion (296)
  • Politics (1,620)
  • Science (15)
  • Security (405)
  • Sports (436)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform