Investors gain N128.49bn as MTN Nigeria, GTBank, others lift Nigerian Stock Market

The Nigerian Stock Exchange (NSE) investors breathe fresh air for the first time this week following continual losses recorded earlier this week. The local bourse market has been experiencing a downturn following the global outbreak of the COVID-19.

The NSE’s All-Share Index (ASI) closed in the positive territory aftermath advancing by 1.09% to close at 22,789.64 basis points. The NSEASI Year-to-Date returns currently stand at -15.10%.

This simply means that the Nigerian stock market has lost 15.10% of its trading value since the year begun.

The Market Capitalization closed at N11.87bn at the end of today’s trading sessions.

The Market Breadth closed in the positive territory as MTN Nigeria and LASACO Plc led the top gainers chart. The stocks advanced by 10% respectively. Sterling Bank Plc led the losers table for the day alongside 13 other losers. 

Guaranty Trust Bank Plc was the investors’ favorite toast for the day. The lenders sold 77.75 million of its shares units worth N3.52 billion.

Zenith Bank Plc also traded heavily as the group traded-off 147.01 million shares units valued at N1.98 billion. Access Bank ranked in N565.76 million from 87.96 million shares units. 

MTN Nigeria Plc was the best-performing stock for the day. The communications giant gained 10% of the value of its shares to close at N104.50.

LASACO Assurance Plc also appreciated by 10% to close at 22 Kobo. Oando Plc completed the top three price advancers for the day. The stock went up by 9.95% to close at N2.21.

On the flip side, Sterling Bank Plc was the worst-performing stock for the day. The lenders declined by 10% to close at 99 Kobo.

Chams Plc completed the top three losers table for the day. The stock declined by 9.09% to close at 20 Kobo. Okomu Oil Plc went down by 8.25% to close at N55.05.

 

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Author: FMN

2 thoughts on “Investors gain N128.49bn as MTN Nigeria, GTBank, others lift Nigerian Stock Market

  1. I don’t typically comment on posts, but as a long time reader
    I thought I’d drop in and wish you all the best during these troubling times.

    From all of us at Royal CBD, I hope you stay well with the COVID19 pandemic progressing at an alarming rate.

    Justin Hamilton
    Royal CBD

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