Nigerian capital market gains N470bn as Wema Bank and Airtel lead recovery


The Nigerian capital market halted losses after the market share rose 1.70% on Friday.

Data obtained from the capital market revealed that growth increased equity capitalization by 470 billion naira from 27.68 trillion naira to 28.15 trillion naira after eight hours of trading on Friday.

The All-Share index rose 876.11 basis points to close at 52,215.12 from 51,339.01 hit on Thursday.

On Friday, investors traded 190.09 million shares worth N4.1 billion in 3,893 transactions.

This topped the 115.41 million shares worth N1.2 billion naira traded by investors in 3,731 trades the previous day.

Wema Bank led the winners with N0.34kobo to go from N3.40kobo to N3.74kobo per share.

Airtel earned N173.20kobo to go from N1732.20kobo to N1905.40kobo per share.

UPDC’s share value rose by N0.10kb to end trading at N1.26kb against N1.16kb per share.

Champion earned N0.30kobo to close at N3.85kobo against N3.55kobo per share.

READ ALSO: Market cap down -0.10% as investors lose faith in Nigerian capital market

Prestige’s share appreciated by N0.30kobo to go from N0.38kobo to N0.41kobo per share.

Fidson topped the losers chart after shedding N1.04 to drop from N10.45kobo to N9.41kobo per share.

NNFM’s share price fell N0.95kobo to end trading at N8.60kobo from N9.55kobo per share.

Linkage Assurance lost 8.62% to end trading with N0.53kobo against N0.58kobo per share.

Courtville lost 7.84% to drop from N0.51kobo to N0.47kobo per share.

Honeywell Flour’s share fell from N2.97kobo to N2.75kobo per share after losing N0.22kobo during trading.

Caverton led the day’s trading with 47.47 million shares valued at 64.55 million naira.

GTCO followed with 14.84 million shares worth N310.02 million

UBA traded 14.70 million shares worth N109.42 million.

Transcorp sold 13.13 million shares worth N16.28 million, while Access Bank traded 10.78 million worth N99.32 million.

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