NSE: Banking stocks dominate trades as bourse closes week bullish

The Nigerian Stock Exchange (NSE) rounded up today’s trading sessions in positive territory, with the All-share index growing by 0.03% to close at 26,851.68 basis points as the market maintained its N13.1 trillion market capitalization mark.

The market is, however, down by 14.6% on a year to date basis.

The top trades on the bourse today were totally dominated by banks as they traded in a sum of 336.8 million shares valued at N3.69 billion accounting for 66% of the total shares traded.

Top 5 gainers

Champion Breweries Plc and Guinness Nigeria topped the chart of gainers today as they both gained 10% to close at N0.99 and N28.6 respectively.

Unity bank Plc grew by 9.84% to close at N0.67. First bank Plc grew by 9.6% to close at N6.85.

Jaiz bank Plc completes the list with 9.23% growth to close at N0.71.

Top 5 losers

On the flip side, Learn Africa Plc was the worst-performing stock of today. The stock lost 9.4% to close at N1.06. NAHCO shed 8.85% to close at N2.37.

Continental Reinsurance Plc lost 5.83% of its stock value to close at N2.26. GTBank declined by 3.01% to close at N29.

Fidelity bank Plc despite recording high trades shed 2.91% of its stock price, closing at N2 to round up the top 5 losers.

Top 5 Trades

Friday’s trading saw 470 million shares valued at N5.6 billion exchanged hands in 5,594 deals.

Access bank Plc was the most actively traded stock on the bourse today as it traded in 158.8 million shares valued at N1.69 billion in 555 deals.

Zenith bank Plc has been consistent in its trade this week having traded in 71.03 million shares valued at N1.36bn in 859 deals.

UBA traded 41.9 million shares valued at N317 million in 618 deals. FBN Holdings traded 41.5 million shares at N282.6 million in 475 deals.

Fidelity bank Plc rounded off the list with 23.6 million shares valued at N47 million traded in 245 deals.

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