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Investors make N49.8bn as Nigeria’s capital market rebounds from bearish run

Investors in the Nigerian capital market pocketed N49.8 billion following the rise in equity capitalization by 0.17 percent at the close of trading on Friday, IgbereTV reports

After eight hours of trading, the equity capitalization rose from N28.47 trillion to N28.52 trillion.

The All Share Index was up by 92.46 basis points to close at 52,908.24 compared to 52,815.78 achieved on Thursday.

Investors traded 282.96 million shares worth N3.37 billion in 4,245 deals on Friday.

This surpassed the 274.42 million shares valued at N4.02 billion which exchanged hands in 5,011 deals the previous day.

NEM led the gainers with N0.38kobo to move from N3.82kobo to N4.20kobo per share.

Chams share was up by 9.09 percent to move from N0.22kobo to N0.24kobo per share.

Champion gained N0.29kobo to end trading with N3.89kobo from N3.60kobo per share.

Nigerian Breweries gained N4.20kobo to rise from N59.50 kobo to N63.70kobo per share.

Eterna’s share appreciated by N0.48kobo to rise from N7.22kobo to N7.70kobo per share.

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