Investors on Nigerian Exchange Limited benefited from a surge in banking stocks yesterday, leading to market capitalisation appreciating by N92.72billion despite bearishness in stock markets globally.
As trading closed on the floor of NGX, a total of 159.56 million shares worth N1.95billion were exchanged in 3,608 deals, a 19.08pern cent rise from 146.68 million shares valued at N1.24billion in 3,030 deals during the last trading day. The market breadth closed positive, with 26 gainers versus six losers. Nigeria Breweries recorded the highest price gain of 9.94 per cent to close at N45.35, per share. NEM Insurance followed with a gain 9.87 per cent to close at N4.12, while PZ Cussons Nigeria rose 8.72 per cent to close at N9.35, per share.
Sterling Bank lost 1.41 per cent to close at N1.40, while Jaiz Bank shed 1.11 per cent to close at 89 kobo, per share.