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NSE: MTN, GTB, Cadbury lead gainers as market finds resilience



Following days of losing spell, the Nigerian Stock Exchange (NSE) rallied on Wednesday, posting gains in the neighbourhood of N128.494 billion.

Only the Banking Index and the Oil and Gas Index appreciated across the sector indices as the former edged up by 2.07% to 262.22 basis points while the latter advanced by 0.84% to 216.29.

The bourse posted a positive market breadth with 19 gainers emerging against 14 losers. The All Share Index (ASI) expanded by 1.04% to close at 22,789.64 basis points. In the same vein, market capitalisation climbed higher to over N11.876 trillion, its first upward movement in more than one week. Year to date, the index is down by 15.10%.


Telecoms heavyweight, MTNN Nestle topped the gainers’ chart today, advancing by 10% to close at N104.5. GTB went up by 6.63% to N20.9. Cadbury rose to N6.25, notching up 9.65% in the process. PZ added 9.88% to end today’s trade at N4.45. Caverton completed the top 5, climbing up by 9.65% to N2.50.


Nestle was the worst performing stock today, declining by 3.86% to close at N880. Okomu Oil shed 8.25% to close at N55.05. Dangot Cement fell to N133.4, losing 3.12%. UACN slumped to N7.2, recording 4% depreciation. Africa Prudential closed at N3.23, going down by 7.45%.

READ ALSO: NSE: Profit-taking in industrial goods stocks leads market to close in the negative


671.519 million shares estimated at N10.578 billion were traded today in 7,247 deals.

GTB was the most active stock with 177.751 million units of its shares worth N3.522 billion traded in 1,575 deals. 147.008 million units of Zenith Bank shares priced at N1.977 billion exchanged hands in 1,375 transactions. Access Bank had 87.964 million shares valued at N565.761 million traded in 488 deals. FBN Holdings traded 60.824 million shares estimated at N247.630 million in 546 transactions. Stanbic Bank traded 27.087 million shares valued at N819.051 million in 48 deals.

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