Nigerian stocks near 10-week high as investors stake hope on banks

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The all-share index rose by 10.3 basis points to 48,899.1, while market capitalisation closed higher at N26.6 trillion.

Learn Africa led gainers, appreciating by 9.7 per cent to close at N1.81. Jaiz Bank grew 9.2 per cent to end trade at N0.95. SCOA went up by 8.9 per cent to N0.86. Sunu Assurance rose to N0.30, notching up 7.14 per cent. Japaul Gold completed the top 5, climbing up 3.70 per cent to N0.28.Royal Exchange topped the losers’ chart, declining by 9.9 per cent to close at N0.73. Neimeth shed 8.6 per cent to end trade at N1.28. Mansard fell to N1.90, losing 4.52 per cent.

slumped to N0.45, recording 2.17 per cent depreciation. UPDC closed at N0.90, going down by 2.2 per cent.A total of 236.6 million shares estimated at N2.5 billion were traded in 3,334 deals. Access Holdings was the most active stock with 121 million of its shares worth N1 billion traded in 172 deals. Jaiz Bank traded 19 million shares, priced at N17.8 million exchanged hands in 52 transactions. GTCO had 17.2 million shares valued at N361.3 million traded in 324 deals. FBN Holdings traded 12 million shares estimated at N131.2 million in 84 transactions. FCMB traded 8.6 million shares valued at N30.1 million in 84 deals.

 

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