Investors pocket N43.1bn as Nigeria’s stock market ends losses

Adeleye Kunle Reports

The Nigerian capital market recovered from three consecutive losses on Tuesday, with equity capitalization closing at N26.81 trillion, TrackNews reports.

The figure was N43.15 billion, or 0.16 percent, higher than the bourse’s N26.76 trillion at the close of trading on Monday.

In addition, the All-Share Index rose by 80.03 basis points to close at 49.709.46, up from 49,629.43 the previous day.

On Tuesday, investors traded 204.16 million shares worth N1.64 billion in 3,642 transactions.

However, this fell short of the 210.83 million shares worth N2.18 billion traded in 4,122 transactions on Monday.

Cutix led the gainers, rising from N2 to N2.15kobo per share.

Lasaco increased 5.88 percent, from N1.02 to N1.08 per share.

Union Bank’s share price increased by N0.20kobo to N6 per share, up from N5.80kobo.

The share price of Academy increased by 2.97 percent to close at N2.02, exceeding its opening price of N2.08 per share.

BUA Cement gained N1.40kobo to end trading at N54.60kobo per share, up from N53.20kobo previously.

UPDC REIT led the losers’ chart, dropping from N3.55kobo to N3.20kobo per share after losing N0.35kobo.

PZ lost N0.95kobo, reducing its share price from N10.25kobo to N9.30kobo.

Courtville’s share dropped 8.93 percent to N51kobo per share, down from N0.56kobo.

Japaul Gold’s share price fell 8.11 percent during trading, from N37kobo to N0.34kobo per share.