Nigerian capital market loses N9.8 billion in sale of Honeywell and Sky Aviation

Equity capitalization in the Nigerian capital market fell to 26.80 billion naira at the close of trading on Wednesday.

The figure was -0.03% or 9.86 billion naira lower than the 26.81 billion naira reported by the exchange on Tuesday.

Additionally, the All-Share Index fell 18.29 basis points from 49,709.46 to 49,691.17.

On Wednesday, investors traded 128.78 million shares worth N4.12 billion in 3,492 transactions.

However, this was lower than the 204.16 million shares valued at N1.64 billion naira traded by shareholders in 3,642 transactions the previous day.

Prestige led the winners with a 9.09% rise in share price from N0.44kobo to N0.48kobo per share.

Sovereign Insurance gained 8% to move from N0.25kobo to N0.27kobo per share.

Lasaco share value rose 6.48% to end trading at N1.15kobo vs. N1.08 per share.

Also Read:NGX Investors Win N81 Billion as Honeywell and GTCO Top Deals

Unity Bank’s share price rose 4.65% to close N0.45 kobo above its opening price of N0.43 kobo per share.

The share of the Academy has appreciated by 2.40% to go from 2.08 kobo N to 2.13 kobo N per share.

Courtville tops the losers chart after losing 9.80% to drop from 0.51 kobo to 0.46 kobo per share.

SCOA’s share price fell N0.19kobo to end trading at N1.75kobo from N1.94kobo per share.

Sky Aviation lost N0.55kobo to end trading with N5.10kobo of N5.65kobo per share.

Regal Insurance’s stock fell from N0.25kobo to N0.23kobo per share after losing 8% during trading.

Honeywell lost N0.15kobo to go from N2.80kobo to N2.65kobo per share.

FBN Holdings led the trading day with 28.36 million shares valued at N303.22 million.

Zenith Bank sold 16.65 million shares worth N361.68 million.

UBA followed with 11.17 million shares worth N78.16 million

Cornerstone traded 11.13 million shares worth N7.43 million, while UBN traded 5.70 million worth N36.53 million.

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