United Capital Leads Gainers As Investors Pocket ₦50.3bn In 8Hours Of Trading

Investors went home smiling yesterday after pocketing ₦50.3 billion in 8hours of trading at the Nigerian capital market.

The reported sum was recorded following the rise in equity capitalization percent at the close of the day’s business, Naija News understands.

The equity capitalisation had rose from ₦25.40 trillion to ₦25.45 trillion after eight hours of trading on the floor of the capital market.

However, while United Capital led the gainers’ chart after netting ₦1.20kobo to rise from ₦12 per to ₦13.20kobo per share, Juli took the lead on the losers’ chart after shedding 9.76 percent to drop from N0.82kobo to N0.74kobo per share.

The All-Share Index was up by 93.43 basis points to close at 47,233.91 compared to 47,140.48 points recorded last week.

Naija News understands that Investors traded 421.45 million shares worth ₦4.22 billion in 5,961 deals on Monday.

This fell short of the 424.69 million shares valued ₦6.52 billion which exchanged hands in 4,601 deals last week.

RT Briscoe’s share price was up by 10 percent to end trading with N0.66kobo from N0.60kobo per share.

Africa Prudential share rose by N0.65kobo to move from ₦6.80kobo to ₦7.45kobo per share.

Academy’s share appreciated by N0.17kobo to close trading with ₦1.96kobo from ₦1.79kobo per share.

Champion gained N0.18kobo to end trading with ₦2.23kobo from ₦2.05 per share.

Multiverse shares depreciated from N0.25kobo to N0.23kobo per share after losing 8 percent during trading.

Mutual Benefit’s share dropped by 7.14 percent to end trading at N0.26kobo from N0.28kobo per share.

Flour Mill lost ₦1.60kobo to drop from ₦35.10 kobo to ₦33.50kobo per share.

Honeywell Flour completed the list after shedding N0.17kobo from its market price to drop from ₦4.02 to ₦3.85kobo per share.

Transcorp led the day’s trading with 99.25 million shares worth ₦118.53 million.

Zenith Bank traded 46.32 million valued at ₦1.24 billion.

United Capital followed with 31.57 million shares valued at ₦416.79 million.

UBA sold 26.97 million shares worth ₦233.96 million, while Fidelity Bank traded 23.80 million valued at ₦72.42 million.