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Nigeria’s capital market closes trading with N42.7bn gain amid slow growth in shares value

Investors at the Nigerian capital market gained N42.75 billion at the close of business on Thursday, IgbereTV reports

This followed the rise in equity capitalisation by 0.15 percent to close N28.52 trillion, up from N28.48 trillion posted on Wednesday.

With demand for stocks still on an upward trend in the capital market, the All-Share Index rose by 79.31 basis points to close at 52,917.76 compared to 52,838.45 recorded the previous day.

The slow growth in the capital market reflected in value of stocks traded today with investors splashing N5.69 billion on 426.01 million shares in 7,639 deals.

This was lower than the N7.33 billion investors coughed out for 417.38 million shares in 7,255 deals on Wednesday.

Fidson led the gainers with N1.03 to rise from N10.35kobo to N11.38kobo per share.

Eterna’s share was up by N0.65kobo to move from N6.54kobo to N7.19kobo per share.

McNichols gained N0.11kobo to move from N1.11kobo to N1.22kobo per share.

GlaxoSmithKline’s share appreciated by N0.75kobo to end trading with N8.35kobo from N7.60kobo per share.

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