Nigerian Equities Market Gains N73.50 Billion, Tony Elumelu and Wife Purchase UBA Shares

The Nigerian equities market closed positively, with investors gaining N73.50 billion. The Nigerian Exchange (NGX) edged up by 0.07% to 165,512.18 points.

Market capitalization rose to N105.96 trillion. Notably, businessman Tony Elumelu and his wife Vivian Awel Elumelu disclosed purchasing a combined 23,196,236 UBA shares in two separate deals valued at N480.26 million.

Vivian Awel Elumelu acquired 9,624,441 shares at an average price of N20.71 per share. The market sentiment closed bearish with 38 decliners outweighing 32 gainers.

Trading activity weakened, with a total volume of 4.76 billion shares exchanged in 44,005 deals valued at N19.05 billion.