Nigerian stocks halt losses on higher interest in bank stocks

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The all-share index grew by 37.4 basis points to 54,364.7, while market capitalisation advanced to N29.6 trillion

Conoil appreciated by 10 per cent to close at N35.3 while MRS enlarged by 8.2 per cent to end trade at N23. Chams rose to N0.27, notching up 8 per cent in the process. GSK went up by 6.8 per cent to N6.2, and Champion Breweries completed the top 5, climbing by 6.2 per cent to N4.78.CWG led losers, declining by 9.2 per cent to close at N0.89. Fidelity shed 2.9 per cent to end trade at N5.42 while NAHCO fell to N8.2, losing 2.4 per cent. FBN Holdings slumped to N11.65, recording 1.

UBA was the most active stock with 28.6 million of its shares worth N239.7 million traded in 171 deals. GTCO’s shares of 22.9 million units, priced at N575.3 million, exchanged hands in 206 transactions. Access Holdings had 14.7 million shares valued at N134.2 million traded in 132 deals. Zenith traded 12.6 million shares estimated at N319.2 million in 250 transactions.

 

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