As Nigeria’s stock market recovers from gloomy trade, investors make N7.33 billion. – TrendyNewsReporters
Finance

As Nigeria’s stock market recovers from gloomy trade, investors make N7.33 billion.

by Ebor Cletus Ralph Jr

After the 0.02 percent increase in stock capitalization on Thursday, investors in Nigerian capital markets took home N7.33 billion.

Due to the change, today’s equity capitalization increased from the N27.92 trillion posted on Wednesday to the N27.93 trillion currently.

The All-Share Index also increased by 15.11 basis points to conclude at 51,817.59 as opposed to the 51,802.48 it had the day before.

In 4,213 transactions, investors exchanged 223.11 million shares for N3.87 billion.

This, however, was less than the 416.46 million shares worth N2.60 billion that investors exchanged on Wednesday in 5,050 trades.

UPL was the top gainer, increasing its share price by N0.23kobo, from N2.35kobo to N2.58kobo.

McNichols increased its share price by N0.18kobo, from N1.85kobo to N2.03kobo.

Cornerstone’s share price increased by 9.09 percent to N0.72kobo at the close of trade from N0.66kobo per share.

From N0.67kobo per share, Consolidated Hallmark Insurance increased 8.96% to close at N0.73kobo.

Johnholt’s share appreciated by 8.70 percent to rise from N0.69kobo to N0.75kobo per share.

PZ topped the losers’ chart after shedding 8.42 percent to drop from N10.65kobo to N9.60kobo per share.

Tripple Gee’ share dropped by 8.42 percent to end trading at N0.87kobo from N0.95kobo per share.

Prestige lost 7.50 percent to end trading with N0.37kobo from N0.40kobo per share.

Honeywell Flour’s share value dropped from N2.97kobo to N2.76kobo per share after losing N0.21kobo during trading.

RT Briscoe lost 6.38 percent to drop from N0.47kobo to N0.44kobo per share.

FBN Holdings led the day’s trading with 36.63 million shares valued at N424.13 million.

Transcorp followed with 26.47 million shares valued at N32.54 million

UBA traded 17.50 million shares worth N130.45 million.

GTCO sold 15.16 million shares worth N310.13 million, while Zenith Bank traded 14.07 million shares valued at N305.10 million.

prelliotaglobalconcept

TV Presenter/ Content Writer

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