Nigeria Stocks Continue Steady Growth.

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  • Nigeria stocks have risen by 0.34 percent since March 14.

CEM REPORT | On Wednesday the main equity index grew as the demand for bank shares rises. Shares of GTCO, Union Bank and UBA took the front burner of demand as well as MTN Nig.

MTN gain more investors’ attention after it announced it receipt of Payment Service Bank (PSB) final approval.

Market capitalisation at the close of trading stood at N25.5 trillion as the all share index skyrocketed from 162.23 basic points to 47,367.31.

The market continues its steady growth of 10.9 percent since the start of the year.

TOP FIVE GAINERS

Mayer closed at N1.49 per share raising by 9.56 percent. Ikeja Hotel at N1.30 by 9.24 percent. Caverton at N1.26 by 3.66 percent.

Union Bank grew by 6.56 percent closing at N6.50. FTN Coca made the top 5 chart by 6.45 percent increase closing at N0.33

TOP FIVE LOSERS

Sunu Assurance took a slide down by 7.69 percent to close at N0.36 per share. Sterling Bank followed with a 6 percent lose to close at N1.41. Unilever by 4.51 percent at N12.70

WAPIC Insurance nosedived to 4.44 percent to close 4.44 percent. United Capital fell by 3.97 percent at N13.30 at the end of closing.

TOP FIVE TRADES

391.9 million shares valued at N10 billion were traded in 5.419 deals.

GTCO stood as favourite with 75.9 million unit shares. Zenith Bank recorded 525 deals of its 43.9 million share unit valued at N1.1 billion

In 228 deals UBA closed with 28.9 million shares worth N235.7 million. Fidelity Bank, 239 deals, 28.5 million shares at N106.5 million. MTN at the close of day had 328 deals, trading 22.8 million shares at MR.8 billion.

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