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Nigerian stocks jump at fastest pace in 2023 as investor confidence improves

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The all-share index grew by 2,771.9 basis points to 55,738.4, while market capitalisation climbed to N30.3 trillion.

Zenith Bank appreciated by 10 per cent to close at N29.70. Transcorp Hotels enlarged by 10 per cent to end trade at N8.25. Nigerian Breweries rose to N42.35, notching up 10 per cent in the process. Jaiz Bank went up by 10 per cent to N1.10.

completed the top 5, climbing by 10 per cent to N4.62.Ikeja Hotel led losers, declining by 10 per cent to close at N2.16. NCR shed 9.8 per cent to end trade at N2.76. Tantalizers fell to N0.23, losing 8 per cent. Julius Berger slumped to N29, recording a 7.94 per cent depreciation. International Energy Insurance closed at N1.20, going down by 7 per cent.Access Holdings was the most active stock with 199.6 million of its shares worth N2.4 billion traded in 963 deals. FBN Holdings’ shares of 127.

traded 76.4 million shares valued at N2.2 billion in 728 deals.

 

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