Cadbury and Zenith Bank gains fail to halt Nigerian capital market loss streak


The Nigerian capital market extended its loss with the equity capitalization crashing to 26.72 trillion naira at the close of business on Thursday.

The figure was -0.07% or 19.11 trillion naira lower than the 26.74 trillion naira released by the exchange on Wednesday.

Additionally, the All-Share Index fell 35.45 basis points from 49,575.93 to 49,540.48 on Thursday.

Investors traded 167.60 million shares worth N1.26 billion in 3,458 trades today.

This is lower than the 197.45 million shares valued at 2.94 billion naira that traded hands in 3,462 trades on Wednesday.

Sovereign Insurance topped the list of winners with a 3.85% rise in share price from 0.26 kobo to 0.27 kobo per share.

Cadbury earned N0.35kobo to go from N13 to N13.35kobo per share.

Courtville’s share value rose 2.08% to end trading with N0.49kobo from N0.48kobo per share.

Zenith Bank gained N0.15kobo to close at N19.65kobo, above its opening price of N19.50kobo per share.

READ ALSO: Investment in the Nigerian capital market plunges, as Wapco, Union Bank and others sell off

UBA’s share traded up 0.68% from 7.40 kobo to 7.45 kobo per share.

UAC Nigeria leads the losers chart after losing 0.75 kobo to 10.25 kobo per share from 11 kobo.

Vitafoam share price fell N1.25kobo to end trading at N20 from N21.25kobo per share.

UPDC REIT lost N0.20kobo to end trading with N3.20kobo against N3.40kobo per share.

UPDC lost 5% to drop from N1 to N0.95kobo per share.

Consolidated Hallmark Insurance’s share fell from 0.62 kobo to 0.59 kobo per share after losing 4.84% in trading.

Courtville led the day’s trading with 38.81 million shares valued at N18.24 million.

Access Corp sold 28.47 million shares worth N249.36 million.

Fidelity Bank followed with 10.81 million shares valued at N36.90 million.

Transcorp traded 10.68 million shares worth N11.26 million, while Consolidated Hallmark Insurance traded 9.22 million shares worth N5.29 million.

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