Business
Investors make N40bn as Nigerian capital market’s value rises by 0.14%
The market valuation of the Nigerian stock exchange rose by 0.14 percent at the close of trading on Friday.
This means the capital market’s equity capitalization rose by N40 billion from N24.14 trillion from N24.18 trillion after eight hours of trading on Friday.
The All-Share Index continued its sluggish growth with 64.52 basis points to rise from 44,332.21 to 44,396.73.
Investors traded 95.18 million shares worth N1.88 billion in 2,888 deals on Friday.
This fell short of the 119.22 million shares worth N3.20 billion which exchanged hands in 2,909 deals the previous day.
Academy led the gainers’ list with a N0.13kobo rise in share price, moving from N1.33kobo to N1.46kobo per share.
Sterling Bank gained 3.95 percent to move from N1.52kobo to N1.58kobo per share.
Chams share value was up by 3.85 percent to end trading with N0.27kobo from N0.26kobo per share.
Mutual Benefit gained 3.57 percent to close at N0.29kobo, above its opening price of N0.28kobo per share.
Transcorp share traded upward by 2.83 percent to rise from N1.06 to N1.09 per share.
READ ALSO: Nigerian stock market capitalization drops to losses in Fidelity Bank, FCMB
NEM topped the losers’ table after shedding N0.49kobo to drop from N4.91kobo to N4.42kobo per share.
Royal Exchange’s share price dropped by 9.78 percent to end trading at N0.83kobo from N0.92kobo per share.
Morison lost N0.21kobo to end trading with N1.98kobo from N2.19kobo per share.
Sovereign Insurance lost 7.14 percent to drop from N0.28kobo to N0.26kobo per share.
Wapic’s share dropped from N0.36kobo to N0.34kobo per share after losing 5.56 percent during trading.
Fidelity Bank led the day’s trading with 26.59 million shares valued at N100.68 million.
Zenith Bank sold 10.76 million shares worth N215.43 million.
GTCO followed with 8.23 million shares valued at N152.55 million.
Access Corporation traded 8.21 million shares worth N65.85 million, while NGX Group traded 5.81 million shares valued at N122.48 million.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...