Zenith, GTBank, StanbicIBTC Raise N38.839bn On NGX In One Day Trading
Three biggest Nigerian Banks in terms of market capitalisation on the Nation’s Bourse have collectively raised N38.839 billion at Friday’s trading session.
Guaranty Trust Bank Plc, Zenith Bank Plc, and Stanbic IBTC Holdings Plc recorded gains in the value of their respective share price, gaining a total of N38.839 billion in their market capitalisation, which sums up total market share on the Nigerian Exchange Limited (NGX).
Checks on their individual trading on Friday after a two – day Eid-El Fitri break show that GTBank made the biggest haul, deepening its market capitalisation by N14.715 billion, representing 1.52 percent growth.
The lender’s market capitalisation jumped to N882. 935 billion fromN868.219 billion it posted the previous trading session. The bank’s share price also rose from N29.55 Kobo per share to N30 per share.
Also, Zenith Bank recorded growth on the NGX, which saw its market capitalisation climbed to N744.096 billion from N729.968 billion, representing N14.128 billion or 1.94 percent appreciation.
Its share price also soared by 1.94 percent from N23.25 Kobo per share to N23.7 Kobo per share.
In the same winning trajectory, Stanbic IBTC Holdings also posted gains during the close of trading for the week on the NGX, as its equities moved up to N510.875 billion from N500.880 billion, gaining N9.995 billion or 2 percent in the process.The Holdings also recorded an upsurge in the value of its shares, jumping from N45.1 Kobo per share to to N46 per share.
The appreciation of GTBank, Zenith Bank and Stanbic on the NGX also impacted the bourse banking index, rising by 1.13 percent
The banking index which measures performance of banks on the NGX, rose to 367.42 index point from 363.30 index point, indicating a 1.13 percent gain.
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