Price Appreciation in MTN Nigeria, FBN Holdings Drive Stock Market By N54bn

The stock market of the Nigerian Exchange Limited yesterday closed trading activities on a positive note to reverse the previous trading session bearish sentiment, as market capitalisation increased by N54 billion.

Sector performances were negative today with the Oil and Gas , Consumer Goods and Banking sectors closing in negative territory, while the Industrial sector closed positive. On the other hand, prestige led the losers’ chart by 8.51 per cent to close at 43 kobo, while Academy Press and Consolidated Hallmark Insurance followed with a decline of 8.33 per cent each to close at 33 kobo and 55 kobo respective, per share.

Transactions in the shares of FBN Holdings topped the activity chart with 147.602 million shares valued at N1.756 billion. eTranzact International followed with 105.167 million shares worth N215.594 million, while Access Bank traded 27.855 million shares valued at N265.973 million.

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