Market Wrap – Nigerian Bourse gains 0.14%

Gains remained throughout today’s session at the Nigerian Stock Exchange on the back of buying interest in Guaranty Trust Bank (+2.1%), Zenith Bank (+0.9%) and International Breweries (+7.1%). After 3,108 deals, the All-Share Index advanced 14bps to close at 25,171.32 points.
Market capitalisation rose to ₦13.1tn while year-to-date loss improve to -6.2% as investors gained ₦18.2bn.

The activity level of the local bourse waned as volume and value traded fell 33.6% and 37.6% respectively to 180.0m units and ₦1.5bn.
The top traded stocks by volume were Zenith Bank (35.9m units), Access Bank (29.1m units) and Transcorp (16.5m units) while Zenith Bank (₦605.2m), Guaranty Trust Bank (₦201.3m) and Access Bank (₦187.4m) led by value.

The Banking index recorded the strongest gain, advancing 0.8% due to buying interest in Guranty Trust Bank (+2.1%), Zenith Bank (+0.9%) and UBA (+0.8%). Similarly, price appreciation in AIICO (+2.2%) and International Breweries (+7.1%) lifted the Insurance and Consumer Goods indices by 0.4% and 0.2% respectively.

Analysts from Afrinvest say bargain hunting is expected to persist in subsequent trading days.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares
Previous Article

Nigeria's GT Bank gives reason for delaying dividends payment.

Next Article

Electricity blackout to linger till Thursday in SA - Eskom

Related Posts

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.