Thursday, May 2, 2024

Banks’ stocks keep market green as investors gain N18.43bn in NGX

BY FESTUS OKOROMADU, ABUJA

Trading activities on the Nigerian Exchange Limited ended mixed on Thursday albeit with a bullish tilt as the benchmark index closed 0.05 percent higher to settle at 67,133.19 points.

Investors’ expression of interest in shares of ZENITHBANK, ACCESSCORP and FBNH caused price appreciation of 1.27 percent, 0.32 percent and 0.62 percent respectively to keep the market in the green.

This kept the market on track for a week of gain.

Consequently, the year-to-date (YTD) return rose to 30.99 percent, while the market capitalization rose by ₦18.43 billion to close at ₦36.88 trillion.

Analysis of Thursday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 1.99 percent.

A total of 309.32 million shares valued at ₦4.55 billion were exchanged in 5,588 deals.

FIDELITYBK which gained 0.61 percent led the volume chart with 61.78 million units traded while ACCESSCORP which recorded 0.32 percent gain led the value charts in deals worth ₦860.09 million.

COURTVILLE which added 8.77 percent to its share price led sixteen (16) others on the leader’s log while CORNERST which lost 6.06 percent of its share price topped eight (8) others on the laggard’s table.

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