Nigerian stocks climb higher on increasing demand for bank shares

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

United States News News

United States United States Latest News,United States United States Headlines

FBN Holdings, ETI, Fidelity Bank and Zenith contributed most to the advance, even though trade volume dropped by seven per cent.

Nigerian stocks inched higher on Wednesday as the benchmark index rose 0.12 per cent, lifted by an increasing demand for bank equities.The all-share index jumped 48.54 points to 40,765.20, while market capitalisation grew to N21.3 trillion. Year to date, the index is up by 1.23 per cent.FBN Holdings led gainers, growing by 7.78 per cent to close at N9.70. UPL gained 7.38 per cent to close at N1.31. NNFM rose by 6.49 per cent to N8.20. Livestock leapt to N2.35, notching up 5.

FNH Holdings was the most preferred stock today with 108.7 million of its shares worth N1.1 million traded in 519 deals. Transcorp shares of 39.7 million, priced at N38.4 million, exchanged hands in 150 transactions. ETI had 32.8 million shares valued at N189.9 million traded in 100 deals. UBA traded 25.3 million shares estimated at N204.4 million in 327 transactions. Fidelity traded 19.9 million shares valued at N51.2 million in 198 deals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gains in GTCO, Zenith Bank, Others Lift Stock Market by N247bnDarasimi Adebisi The stock market of the Nigerian Exchange Limited (NGX) yesterday ended trading activities for the second day of the week on a positive note achieving a gain of N247billion in mark…
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Stock Market Capitalisation Crosses N21trn On Sustained Buy-interestThe Nigerian stock market yesterday ended trading activities for the second day of the week on a positive note as market capitalisation crossed N21
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Nigerian stock market opens October with N15bn gain - Daily TrustTrading in the domestic stock market resumed on Monday bullish with a gain of 0.05 per cent on investors’ interest in Eterna and 22 others.
Source: Daily Trust - 🏆 13. / 51 Read more »