Investors Gain After Eight Hours Trading

The Nigerian Stock Market on Friday ended on the right note with investors gaining ₦2.12 billion due to the rise in equity capitalisation by 0.002 percent.

Shareholders at the capital market invested ₦25.31 trillion on Friday compared to ₦25.30 trillion invested on Thursday.

After the eight hours trading, all-Share Index was up by 3.94 basis points to close at 46,964.23 compared to 46,960.29 made on Thursday.

Investors on Friday traded 177.09 million shares worth ₦4.18billion in 3,873 deals.

The gainers chart was led by PZ, after netting ₦0.60kobo to close at ₦9.30kobo from ₦8.70kobo per share.

Japaul Gold gained 6.45 percent to rise from ₦0.31kobo per share to ₦0.33kobo.

FTN Cocoa’s share was up by 6.06 percent to move from ₦0.33kobo to ₦0.35kobo per share

African Prudential’s share appreciated by ₦0.35kobo to move from ₦5.85kobo to ₦6.20kobo per share.

Niger Insurance gained 5 percent to end trading with ₦0.21kobo from ₦0.20kobo per share.

The losers chart was led by NNFM shedding ₦0.85kobo to drop from ₦10.85kobo to ₦10 per share.

FCMB’s share dropped by ₦0.26kobo to end trading at ₦3.34kobo from ₦3.60kobo per share.

Livestock’s share depreciated from ₦1.65kobo to ₦1.55kobo per share after losing ₦0.10kobo during trading.

Neimeth lost 3.68 percent to end trading with ₦1.57kobo from ₦1.63kobo per share.

UPDC completed the list after losing 3.30 percent from its market price to drop from ₦0.91kobo to ₦0.88kobo per share.

Fidelity Bank led the day’s trading with 62.68 million shares valued at ₦206.47 million.

Zenith Bank followed with 22.04 million shares valued at ₦591.22 million.

GTBank traded 16.41 million shares worth ₦381.56 million.

UBA sold 12.27 million shares worth ₦93.96 million, while Honeywell Flour traded 9.30 million shares valued at ₦35.27 million.

This article was originally published on Nigeria News

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