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MARKET CAPITALIZATION
Bitcoin, the primary crypto asset has surged to a new all-time high of $81,000 with its market capitalization surpassing $1.6 trillion.
The All-Share Index ended the day in negative territory, slipping by 372.00 points to close at 97,651.23, marking a dip below the key 98,000 mark.
Aradel Holdings Plc, listed on the Nigerian Exchange (NGX) Main Board on October 14, 2024, has witnessed a sharp drop in market value, with its capitalization plunging by close to N1 trillion.
At the end of Q3 2024, Dangote Cement, Airtel Africa, and BUA Foods emerged as the top three most valuable companies in Nigeria by market capitalization, collectively accounting for 43% of the total equities market capitalization.
Geregu Power Plc, a key player in Nigeria’s electricity generation sector, saw its market capitalization soar to N2.8 trillion in September 2024, driven by strong investor confidence and bullish market sentiment.
The Nigerian Exchange (NGX) concluded the trading session on a negative note, as selling pressure overshadowed buying interest, leading to a decline of 336.26 points.
Zenith Bank Plc has announced a Hybrid Rights Issue and offer for subscription, aiming to raise about N290 billion.
This week has been a noteworthy one for the global crypto industry following a severe crash in the prices of various crypto assets.
Listing on the Nigerian Stock Exchange (NGX) provides companies with numerous benefits, including increased visibility, access to capital, and enhanced credibility.
Shiba Inu, the second largest memecoin and the 15th largest crypto asset by Market capitalization has dropped over 7% of its price value following an unfortunate hack on India’s leading crypto exchange.
Computer Warehouse Group (GWP) Plc listed on the ICT sector of the Nigerian Exchange Group Plc (NGX), reported a significant gain of 44.55% growth in market capitalization at the close of the last trading week of June 2024.
Nigerian Breweries Plc (NB) was the best-performing stock in the NGX today, gaining 10%, marking a N29.9 billion equity gain. The stock closed at N31.90 from an opening price of N29.00.