Investors Gain ₦47.41bn In Nigeria Stock Market

Investors at the Nigerian capital market on Friday gained ₦47.41bn following the rise in equity capitalization from ₦25.09 trillion to ₦25.13 trillion.

At the end of eight hours trading, stakeholders’ total investment in the market was up by 0.18 percent as the bourse rebounded from previous losses.

The All-Share Index was up by 87.95 basis points to close at 46,631.46 compared to 46,543.51 recorded the previous day.

Investors on Friday traded 154.12 million shares worth ₦1.75 billion in 4,515 deals.

This showed a declining interest in the stock market as today’s figure fell short of the 244.04 million shares worth ₦2.35 billion traded in 4,710 deals the previous day.

The gainers chart was led by Ardova with ₦1.15kobo to rise from ₦11.65kobo to N12.80kobo per share.

Meyer’s share was up by ₦0.10kobo to move from ₦1.03 to ₦1.13kobo per share.

Jaiz Bank’s share appreciated by 7.81 percent to move from ₦0.64kobo to ₦0.69kobo per share.

FCMB gained N0.23kobo to end trading with ₦3.44kobo from ₦3.21kobo per share.

RT Briscoe completed the list gaining 7.14 percent to close at ₦0.60kobo from ₦0.56kobo per share.

The losers chart was led by Royal Exchange shedding ₦0.10kobo to drop from ₦1.05 to ₦0.95kobo per share.

CWG’s share dropped by ₦0.10kobo to end trading at ₦0.98kobo from ₦1.08 per share.

Caverton’s share fell from ₦1.36kobo to ₦1.26kobo per share after losing ₦0.10kobo during trading.

Chams lost 4.76 percent to end trading with ₦0.20kobo from ₦0.21kobo per share.

Multiverse completed the list after losing 4.35 from its market price to drop from ₦0.23kobo to ₦0.22kobo per share.

Fidelity Bank led the day’s trading with 20.22 million shares valued at ₦71.93 million.

Zenith Bank followed with 11.95 million shares valued at ₦273.98 million.

UBA traded 11.68 million shares worth ₦90.70 million.

Transcorp sold 11.22 million shares worth ₦11.01 million, while NGX Group traded 10.14 million valued at ₦243.08 million.