Nigerian capital market recovers after Eid-Al-Kabir holiday with loss of N90.1 billion


Selling by investors was the main activity on the Nigerian capital market floor after trading resumed on Wednesday.

The stock market resumed after the two-day Eid-el-Kabir holiday, with shareholder investment falling -0.32% after eight hours of trading on Wednesday.

Equity capitalization fell N90.14 trillion to close at N27.71 trillion, from N27.80 trillion reported last Friday.

The All-Share index fell 167.16 basis points to 51,390.25 from 51,557.41 recorded last week.

Meanwhile, investors on Wednesday traded 198.81 million shares worth N2.18 billion in 4,769 deals.

This surpassed the 115.13 million shares valued at 1.77 billion naira traded by investors in 3,479 trades on Friday.

CWG led the winners with a 10% rise in share price from 0.80 kobo to 0.88 kobo per share.

Caverton earned N0.12kobo to go from N1.22kobo to N1.34kobo per share.

Academy’s share value rose N0.18kobo to end trading at N2.07 from N1.89kobo per share.

READ ALSO: Investors Lose N20.6 Billion In Nigerian Capital Market Crash

RT Briscoe gained 8.82% to close at N0.37kobo from N0.34kobo per share.

International Breweries’ share rose by N0.40kobo from N5.40kobo to N5.80kobo per share.

Multiverse topped the losers chart after losing N0.21kobo to drop from N2.10kobo to N1.89kobo per share.

Redstar Express’ share fell N0.27kobo to end trading at N2.48kobo from N2.75kobo per share.

Cutix lost N0.20kobo to end trading with N2.20kobo of N2.40kobo per share.

Unity Bank lost 8.16% to drop from 0.49 kobo to 0.45 kobo per share.

Livestock share fell from N1.38kobo to N1.27kobo per share after losing N0.11kobo during trading.

GTCO led the day’s trading with 51.89 million shares valued at N1.06 billion.

Japaul Gold followed with 21.91 million shares valued at N5.69 million

UBA traded 19.64 million shares worth N147.68 million.

Jaiz Bank sold 12.54 million shares worth N11.07 million, while International Breweries traded 9.05 million worth N52.26 million.

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