GTB, Access, Fidelity, Unity, UBA shares drive market rally as index rises by 0.96% | Bizness Watch

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GTB, Access, Fidelity, Unity, UBA shares drive market rally as index rises by 0.96%

Equity trading activities on Wednesday recorded an appreciation in major market indicators, marking a positive leap on the gains of the previous day.

The banking sub-sector maintained its lead on the activity chart, as trading in the sub-sector accounted for 31.19 per cent of the total volume traded.

In the sub-sector, investors exchanged 89.848 million shares, valued at N950.6m in 1,681 transactions.

Volume in the sub-sector was driven by trading in the shares of Access Bank Plc, Guaranty Trust Bank Plc, and Unity Bank Plc. Fidelity Bank Plc and United Bank for Africa Plc also recorded high turnover in the sub-sector.

Wema Bank Plc led the price gainers’ chart, rising by 9.40 per cent or 11 kobo to close at N1.28 per share.

The NSE’s All-Share Index gained 0.96 per cent or 355.13 basis points to close at 37, 259.65 basis points, from 36,904.52 recorded on Tuesday.

Similarly, the market capitalisation of the listed equities rose by N113bn or 0.96 per cent to close at N11.867tn Wednesday, up from N11.754tn recorded on Tuesday.

The NSE-30 Index closed at 1,744.37 basis points, representing a rise by 0.79 per cent or 13.68 basis points from the 1,730.69 recorded on Tuesday, while the NSE’s Consumer Goods Index rose marginally by 0.01 per cent or 019 basis points to close at 1,043.78 points.
The banking index rose by 1.18 per cent or 4.46 basis points to close at 397.47 points, up from 392.83 basis points recorded the previous day.

International Energy Insurance Plc followed on the chart with a gain of 8.11 per cent or six kobo to close at 80 kobo per share, while Forte Oil Plc appreciated by 4.89 per cent or N2.23 to close at N47.80 per share.

On the other hand, Transnational Corporation of Nigeria Plc led the price losers, shedding 7.91 per cent or 14 kobo to close at N1.63 per share; while Continental Reinsurance Plc lost five per cent or six kobo to close at N1.14 per share.

A total of 30 stocks gained on Monday, while 22 stocks lost




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