After the Eid ul-Kabir holiday, Nigeria's capital market reopens with a loss of N90.1 billion. - TrendyNewsReporters After the Eid ul-Kabir holiday, Nigeria's capital market reopens with a loss of N90.1 billion. - TrendyNewsReporters
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After the Eid ul-Kabir holiday, Nigeria’s capital market reopens with a loss of N90.1 billion.

by Ebor Cletus Ralph Jr

After trading resumed on Wednesday, investor sell-offs dominated activity on the floor of the Nigerian capital market.

After eight hours of trading on Wednesday, the stock exchange restarted from the two-day Eid el-Kabir holiday with shareholders’ investment down -0.32 percent.
After reaching N27.80 trillion on Friday, the equity capitalization decreased by N90.14 billion to settle at N27.71 trillion.

The All-Share Index decreased by 167.16 basis points to end the week at 51,390.25 as opposed to the 51,557.41 reading from the previous week.

On Wednesday, investors made 4,769 trades totaling N2.18 billion on 198.81 million shares.
This was more above the 115.13 million shares worth N1.77 billion that investors transacted in 3,479 deals on Friday.

CWG led the gainers with a 10 percent rise in share price to move from N0.80kobo to N0.88kobo per share.

Caverton gained N0.12kobo to move from N1.22kobo to N1.34kobo per share.

Academy’s share value was up by N0.18kobo to end trading with N2.07 from N1.89kobo per share.

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

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

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

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

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

Unity Bank lost 8.16 percent to drop from N0.49kobo to N0.45kobo per share.

Livestock’s share dropped 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 valued at N52.26 million.

prelliotaglobalconcept

TV Presenter/ Content Writer

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