NGX: Investors Smile Home With N30.3bn As Equity Capitalization Rises By 0.11

Trading ended yesterday in favour of ETranzact, Royal Exchange, RT Briscoe and others as equity capitalization rose from N25.47 trillion to N25.50 trillion.

After eight hours of trading on Friday, Investors smiled home with N30.38 billion, Naija News reports.

The development follows a slight rise in equity capitalization by 0.11 at the close of trading for the day.

Investors had traded 253.30 million shares valued at N2.75 billion in 4,266 deals. The All-Share Index for the trading day was up by 56.38 basis points, scaling to 47,328.42 from 47,272.04 points.

This fell short of the 340.67 million shares worth N3.85 billion that exchanged hands in 5,383 deals the previous day.

Leading the gainers’ chart, ETranzact share price leapt by N0.24kobo, moving from N2.42kobo to N2.66kobo per share, Naija News reports.

Royal Exchange gained N0.11kobo to end trading with N1.25kobo from N1.14kobo per share.

RT Briscoe share was up by 9.30 per cent to move from N0.86kobo to N0.94kobo per share.

Cornerstone’s share appreciated by 7.69 per cent to move from N0.65kobo to N0.70kobo per share.

Niger Insurance share price rose by 7.69 per cent to end trading with N0.28kobo from N0.26kobo per share.

The trading day could not end without some investors having their cut of losses.

Leading the losers’ table, Cutix shedding N0.25kobo to drop from N2.95kobo to N2.70kobo per share.

NEM’s share price depreciated from N4 to N3.80kobo per share after losing N0.20kobo during trading.

Veritas Kapital shares dropped by 4.35 per cent to end trading at N0.22kobo from N0.23kobo per share.

Wapic lost 4 per cent to end trading with N0.48kobo from N0.50kobo per share.

UPDC completed the list after shedding 3.70 per cent from its market price to drop from N1.08 to N1.04 per share.

FCMB led the day’s trading with 50.12 million shares valued at N152.28 million while Transcorp followed with 36.97 million shares estimated at N45.58 million.

UBA traded 19.29 million shares worth N167.66 million.

First Bank sold 17.74 million shares worth N205.01 million, while GTCO traded 10.14 million valued at N273.23 million.

This article was originally published on Nigeria News