Nigerian capital market rebounds from bearish trading with N379.1 billion gain


The Nigerian capital market rebounded from three straight losses on Friday, with investors taking home 379.1 billion naira as the day closed for business.

This follows the stock capitalization rising 1.41% after eight hours of trading on the capital market floor.

The development pushed the equity capitalization up to 27.16 trillion naira from 26.78 trillion naira on Thursday.

Similarly, the All-Share index rose 703.11 basis points to close at 50,370.25 from 49,667.14 recorded the previous day.

On Friday, investors traded 254.77 million shares worth N2.81 billion in 4,905 transactions.

The investment topped the 206.21 million shares worth N3.92 billion naira traded by shareholders in 5,053 deals on Thursday.

UBN led the winners with N0.50kobo to move from N5 to N5.50kobo per share.

Multiverse gained N0.17kobo to go from N1.71kobo to N1.88kobo per share.

Transcorp’s share value rose by N0.10kobo to end trading at N1.12kobo against N1.02 per share.

READ ALSO: Investors Lose N281.1 Billion in Nigerian Capital Market Sell-Off

United Capital gained N1 to go from N10.10kobo to N11.10kobo per share.

NGX Group’s share price increased by N1.95kobo from N20 to N21.95kobo per share.

PZ topped the losers chart after losing N0.90kobo to drop from N9.40kobo to N8.50kobo per share.

Caverton’s share price fell N0.10kobo to end trading at N1 of N1.10kobo per share.

Wema Bank lost N0.30kobo to end trading with N3.29kobo against N3.59kobo per share.

Academy lost N0.15kobo to go from N2 to N1.85kobo per share.

Courtville’s share fell from 0.43 kobo to 0.40 kobo per share after losing 6.98% during trading.

Living Trust led the day’s trading with 50 million shares valued at 60 million naira.

Zenith Bank sold 22.69 million shares worth N459.26 million.

Flour Mills followed with 18.85 million shares valued at N575.07 million

UBA traded 15.55 million shares worth N108.13 million, while FBN Holdings traded 15.23 million shares worth N164.81 million.

Join the conversation


Support Ripples Nigeria, Support Solutions Journalism

Balanced and fearless journalism, driven by data, has huge financial costs.

As a media platform, we hold leaders accountable and we will not trade the right to freedom of the press and freedom of expression for a piece of cake.

If you like what we do and are willing to support solutions journalism, please donate to the Nigeria Ripples cause.

Your support would help ensure that citizens and institutions continue to have free access to credible and reliable information for the development of society.

Donate now


About Author

Comments are closed.