Dangote Cement, May & Baker propel Nigerian capital market to N390.9 billion gain

The Nigerian capital market was boosted by the 1.46% rise in equity capitalization at the close of Wednesday’s session.

After eight hours of trading on the capital market floor, the market capitalization increased by 390.91 billion naira from 26.61 trillion naira to 27 billion naira today.

Additionally, the All-Share Index rose 724.76 basis points to close at 50,075.47 from 49,350.71 on Tuesday.

On Wednesday, investors traded 279.22 million shares worth N2.08 billion in 3,576 transactions.

The trading volume was higher compared to the 140.61 million shares valued at 1.60 billion naira which exchanged hands in 3,895 trades the previous day.

Dangote Cement led the winners with N24 to move from N241 to N265 per share.

NEM gained N0.37kobo to go from N3.74kobo to N4.11kobo per share.

Ellah Lakes share value rose N0.37kobo to end trading with N4 30kobo from N3.93kobo per share.

READ ALSO: Nigerian Capital Market Crashes as Investors Lose N620 Billion Naira in 8 Hours

Japaul Gold gained 8.82% in share price to close at N0.37kobo from opening N0.34kobo per share.

May & Baker gained N0.31kobo to go from N3.57kobo to N3.88kobo per share.

WAPCO tops the losers chart after losing N2.25kobo from N25.45kobo to N23.20kobo per share.

NAHCO share price fell N0.50kobo to end trading at N5.30kobo from N5.80kobo per share.

Honeywell Flour lost N0.18kobo to end trading with N2.63kobo of N2.81kobo per share.

UAC Nigeria’s share fell from N11.20kobo to N10.60kobo per share after losing N0.60kobo during trading.

AIICO lost 5.26% to drop from N0.57kobo to N0.54kobo per share.

Jaiz Bank led the day’s trading with 115.12 million shares valued at N100.14 million.

FBN Holdings sold 39.95 million shares worth N431.49 million.

UBA followed with 14.66 million shares valued at N104.31 million

AIICO traded 13.91 million shares worth N7.67 million, while Japaul Gold traded 13.25 million worth N4.90 million.

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