Nigerian stocks climb on bank shares gains | Premium Times Nigeria

Nigerian equities rose a little higher by 0.09 per cent on Friday, helped by gains by bank stocks and palm oil makerThe banking index recorded the fastest progress of the five sector indexes tracked by the Nigerian Exchange as it expanded 0.44 per cent to 362.51 basis points, largely driven by an appreciation in the shares of Zenith.The all-share index inched up 33.80 basis points to 38,648.91. Similarly, market capitalisation lifted to N7.114 billion to N20.143 trillion.

dipped to N1.09, recording 2.68 per cent depreciation. Japaul shed 1.96 per cent to close at N0.50. closed at N0.57, going down by 1.72 per cent.In all, 220.638 million shares estimated at N2.529 billion were traded in 2,952 deals.Zenith was the most active stock with 44.970 million units of its shares worth N1.057 billion traded in 387 deals. Wema traded 21.726 million shares priced at N11.950 million in 94 transactions. UBA saw 15.286 million units of its shares estimated at N112.190 million exchange hands in 131 transactions. Transcorp traded 14.190 million shares valued at N12.

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