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The market capitalisation of the Nigerian Exchange Limited (NGX), yesterday crossed the N70 trillion mark, over investors demand for Airtel Africa Plc, and 35 others stocks.
Airtel Africa led the gainer chart yesterday, gaining 10 per cent or N215.60 per share to close at N2,372.50 from N2,156.90.
With the gain in Airtel Africa, overall market capitalisation closed yesterday at N70. 4trillion, gaining N1.09 trillion from the previous day N69.29 trillion the stock market closed for trading.”
Consequently, the NGX ASI closed at 111,606.22 basis points, representing an increase of 1.6 per cent or 1,721.29 basis points from 109,884.93 basis points the stock market opened for trading.
On this, the NGX ASI Month-to-Date and Year-to-Date returns improved to +5.5per cent and +8.4per cent, respectively.
As gathered by THISDAY, the market value of Airtel Africa appreciated by N810.26 billion in a day it announced the purchased a following number of its ordinary shares of $0.50 each from Barclays Capital Securities Limited pursuant to the authority granted by its shareholders as part of its share buy-back programme, details announced on May 14, 2025.
The company in a statement posted on NGX explained that the purchased ordinary shares would be cancelled.
“Following the purchase of these ordinary shares, the remaining ordinary shares of $0.50 each in issue will be 3,669,442,413, including 7,489,044 treasury shares. Accordingly, the total number of voting rights in the Company is 3,661,953,369.
“This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.”
The statement added that, “Since the commencement of the first tranche of the $100milliion share buy-back programme announced on 23 December 2024, the Company has purchased 27,363,335 ordinary shares in aggregate, at a volume weighted average price of 136.7128 GBp per ordinary share.”
From the daily market report, the sectoral performance was positive, as the NGX Insurance Index (+2.2per cent), NGX Banking Index (+0.8per cent), NGX Oil & Gas Index (+0.8per cent), NGX Industrial Goods index (+0.5per cent) and NGX Consumer Goods (+0.1per cent).
At the end of trading activities, the total volume traded declined by 1.2 per cent to 409.57 million units, valued at N9.87 billion, and exchanged in 15,992 deals. Custodian was the most traded stock by volume at 37.59 million units, while Guaranty Trust Holding Company (GTCO) was the most traded stock by value at N1.57 billion.