Markets
Zenith Bank, GTCO, Guinness spur Nigerian equity market to 0.2% gain
Gains by ZENITHBANK, GTCO, GUINNESS and UCAP drove the Nigerian equity market to 0.2% rise on Monday to close at 4 7,233.91 points.
The market capitalization increased by ₦50.36bn to ₦25.46tn and the year-to-date return rose to +10.58%.
Activity level waned as volume and value traded moderated by -0.76% and -35.30% to 421.5mn units and ₦4.22bn respectively.
The most active stocks by volume were TRANSCORP (99.26m units), ZENITHBANK (46.33m units) and UCAP (31.58m units) while ZENITHBANK (₦1.25bn), MTNN (₦454.50mn) and UCAP (₦416.8 0mn) led by value.
Bargain hunting in MAYBAKER (+8.31%), PHARMDEKO (+2.79%) and RTBRISCOE (+10.0 0%) ensured the Healthcare and Services indices led the gainers with an increase of 1.63% and 0.65% respectively.
The Consumer Goods and ICT sectors followed suit, up by 0.1 and 0.07% respectively, due to buying interests in CHAMPION (+8.7 8%) and CHAMS (+4.3 5%).
On the flipside, the Banking and Oil & Gas indices declined by 0.02% and 1bp respectively due to losses in JAIZBANK (-1.41%), FBNH (-0.4 4%)and JAPAULGOLD (-2.56%).
Elsewhere, the Agriculture and IndustrialGoods indices closed flat.
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