Banking Stocks Lift NGX Index As Investors Gain N339bn

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Investors’ appetite for banking stocks on the trading floor of Nigerian Exchange Limited (NGX) yesterday lifted the All-Share Index (ASI) from the negative

As measured by market breadth, market sentiment was positive as 34 stocks gained relative to 23 losers. Dangote Sugar Refinery, NASCON Allied Industries, NAHCO and United Capital recorded the highest price gain of 10 per cent each to close at N57.20, N51.70, N23.65 and N16.59 respectively, per share.

On the other hand, Courteville Business Solutions led the losers’ chart by 10 per cent, to close at 54 kobo, per share. Associated Bus Company followed with a decline of 9.80 per cent to close at 92 kobo, while Tantalizers declined by 9.30 per cent to close at 39 kobo, per share.

 

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