Zenith Bank, GTB, Others Impact N109.2bn Stock Market Gain
Zenith Bank Plc, Guaranty Trust Bank Plc, and Dangote Sugar Refinery Plc were the biggest gainers on the Nigerian Bourse on Thursday as the All-Share Index (ASI) rose by 0.54 percent.
The Nigerian Stock Exchange’s ASI gained a 208.71 index point to close at 38,914.84 basis point up from the 38,706.13 basis point it closed the previous trading session.
Remarkably, the Equities Capitalisation appreciated by N109.2 billion or 0.54 percent to close at N20.360 trillion from N20.251 trillion it opened transaction with on the NSE.
The market turnover rose astronomically by 727.8 percent as investors bought and sold 1.468 billion shares valued at N5.853 billion in 4,040 deals, compared to 177.396 million worth of shares valued at N2.676 billion in 4,103 deals that exchanged hands on Wednesday.
Also, the market breadth came out positive, with 21 advanced stocks and 13 laggards.
The advanced stocks were led in percentage parameters by Eterna Plc, gaining 9.96 percent to close at N5.08 kobo per share.
Lasaco Assurance followed with 8.33 percent to close at N1. 3 Kobo per share, while Zenith Bank Plc surged by 7.32 percent to close at N22 per share.
Also, Guaranty Trust Bank and Dangote Sugar Refinery Plc climbed by 6.43 and 6.25 percent to close at N29. 8 Kobo and N17 per share respectively
Conversely, the laggard equities were dominated in percentage terms by Linkage Assurance Plc, losing 9.09 percent to close at N0. 5 Kobo per share.
Coronation Insurance Plc and ABC Transport shed 9.09 and 6.67 percent to close at N0.5 Kobo and N0. 28 Kobo per share respectively.
Also, Sterling Bank fell by 6.37 percent to close at N1. 47 Kobo per share, while Honyflour Plc declined by 5.60 percent to close at N1. 18 Kobo per share.
Unity Bank Plc was the most active stock, trading 1m shares valued at N700.691 million, while Guaranty Trust Bank was the most valuable equity at N3.552 billion.
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