BUA Cement and Ardova gains halt Nigerian capital market bear run

The Nigerian stock market rebounded from the previous day’s loss, with the stock market capitalization rising 0.05% at the close of trading on Wednesday.

This means that the value of the investment in the capital market increased by 13.74 trillion naira to close with 26.53 trillion naira on Wednesday.

The exchange closed Tuesday’s trading with 26.51 trillion.

Moreover, the All-Share index appreciated by 10.25 basis points from 49,161.45 to 49,171.7 on Wednesday.

Investors traded 101.56 million shares worth N1.19 billion in 3,981 trades today.

This is lower than the 206.20 million shares valued at N2.36 billion naira traded by shareholders in 3,777 transactions the previous day.

Chams led the list of winners with an 8% rise in share price from N0.25kobo to N0.27kobo per share.

Ardova gained N0.95kobo to go from N12.80kobo to N13.75kobo per share.

Sovereign Insurance’s share value rose 3.57% to end trading at N0.29kobo against N0.28kobo per share.

READ ALSO: Investors trade for N2.3 billion worth of shares as Nigerian capital market value drops -0.1%

BUA Cement gained N1.55kobo to close at N52, above its opening price of N50.45kobo per share.

Jaiz Bank’s stock traded up 2.70% from 0.74 kobo to 0.76 kobo per share.

Japaul Gold topped the losers table after losing 10% to drop from N0.30kobo to N0.27kobo per share.

The Royal Exchange share price fell N0.10kobo to end trading at N0.92kobo against N1.02 per share.

Consolidated Hallmark Insurance fell 8.62% to end trading at N0.53kobo against N0.58kobo per share.

RT Briscoe lost 8.57% to drop from N0.35kobo to N0.32kobo per share.

Fidson’s share fell from N9.95kobo to N9.20kobo per share after losing N0.75kobo during trading.

GTCO led the day’s trading with 14.33 million shares valued at N259.04 million.

Zenith Bank sold 11.55 million shares worth N228.90 million.

FBN Holdings followed with 6.27 million shares valued at N61.23 million.

Transcorp traded 6.19 million shares worth N6.26 million, while Chams traded 5.70 million shares worth N1.48 million.

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