Investors earn 6.5 billion naira amid slow growth in Nigerian capital market


Investment from Nigerian capital market shareholders reached N27.9 trillion after eight hours of trading on Friday.

The figure was 0.02% or 6.55 trillion naira higher than the 27.93 trillion naira released by the exchange on Thursday.

Similarly, the All-Share Index rose 12.08 basis points to close at 51,829.67 from 51,817.59 the previous day.

On Friday, investors traded 127.03 million shares worth N1.70 billion in 3,718 transactions.

That was lower than 223.11 million shares worth N3.87 billion traded by investors in 4,213 trades on Thursday.

TIP led the winners with a 10% gain to go from N0.40kobo to N0.44kobo per share.

Cutix gained N0.22kobo to go from N2.25kobo to N2.47kobo per share.

Also Read:Investors pocket N7.33 trillion as Nigerian stock market rebounds from bearish trading

Linkage Assurance’s share value rose 9.62% to end trading with N0.57kobo of N0.52kobo per share.

John Holt gained 9.33% to close at 0.82 kob vs. 0.75 kob per share.

Caverton’s share rose 8.82% from N1.02 to N1.11kobo per share.

Courtville tops the losers chart after losing 7.84% to drop from N0.51kobo to N0.47kobo per share.

Nahco’s share value fell N0.50kobo to end trading at N8 from N8.50kobo per share.

Cadbury lost N0.95kobo to end trading with N16.30kobo of N17.25kobo per share.

Neimeth’s share fell from N1.55kobo to N1.49kobo per share after losing 3.87% during trading.

The UPDC fell 3.74% from 1.07 naira to 1.03 naira per share.

GTCO led the day’s trading with 23.46 million shares valued at N480.29 million.

UBA followed with 22.20 million shares valued at N165.58 million

Sterling Bank traded 7.40 million shares worth N11.14 million.

Oando sold 7.33 million shares worth N40.08 million, while FBN Holdings traded 5.97 million worth N67.51 million.

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