Nigerian capital market posts N49.3 billion gain as FTN Cocoa and International Breweries attract investors

Total shareholder investment in the Nigerian capital market rose 0.19% as of Friday’s close of trading.

This means equity capitalization in the capital market increased by 49.31 trillion naira from 25.74 trillion naira to 25.79 trillion naira on Friday.

Similarly, the All-Share Index rose 90.54 basis points from 47,260.89 to 47,351.43 after around five hours of trading today.

On Friday, investors traded 137.28 million shares worth N1.7 billion in 3,845 transactions.

However, this is lower than the 140.67 million shares worth N2.36 billion naira traded by shareholders in 4,371 trades the previous day.

FTN Cocoa topped the list of winners with a 7.14% rise in share price from 0.28 kobo to 0.32 kobo per share.

International Breweries gained N0.25kobo to go from N4.50kobo to N4.75kobo per share.

Sovereign Insurance’s share value rose 4% to end trading with N0.26kobo from N0.25kobo per share.

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Sterling Bank gained 3.33% to close at N1.55kobo, above its opening price of N1.50kobo per share.

UBA’s share traded up N0.20kobo from N6.55kobo to N6.75kobo per share.

May & Baker topped the losers table after losing N0.40kobo to drop from N4.09 to N3.69kobo per share.

Nascon’s share price fell N1 to end trading at N9.50kobo from N10.50kobo per share.

Academy lost N0.15kobo to end trading with N1.45kobo of N1.60kobo per share.

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

UPDC REIT’s share fell from N3.05 to N2.80kobo per share after losing N0.25kobo during trading.

GTCO led the day’s trading with 33.78 million shares valued at N573.80 million.

Oando sold 18.44 million shares worth N83.65 million.

Transcorp followed with 13.52 million shares valued at N14.08 million.

Zenith Bank traded 7.42 million shares worth N144.57 million, while Chams traded 6.99 million shares worth N1.88 million.

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