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Stocks: GTBank, Stanbic, MTN lead other to inflate turnover by 48%



stocks shares
  • As stocks gain N7bn


Trading activities on the shares of GUARANTY, Stanbic IBTC and MTN Nigeria were responsible for increased value of traded stocks on Monday as the market commenced the week with N7 billion profit.

Investors closed the session on the floor of the Nigerian Stock Exchange (NSE) on a positive note with the NSE All-Share Index (ASI) advancing marginally by 0.05 per cent, gaining 14 points to close at 25,605.59 basis points and market capitalization followed suit to close higher at N13.358 basis points.

The turnover for the session was significantly inflated as volume and value of trade went up by 20.82 per cent and 47.45 per cent respectively, relative to the previous session.

There was also a marginal gap in market breadth as 17 gaining stocks emerged against 16 declining stocks and 12 others closed on unchanged prices.

CAP Plc led the gainers with N1.05 to close at N16.8 per share. Dangcem trailed with N1 to close at N135, while WAPCO, NEIMETH and GUARANTY gained N0.25, N0.17 and N0.10 to close at N13.05, N1.95 and N25.1 per share respectively.

On the flip side, Stanbic topped the decliners’ chart with a loss of N0.50 to close at N39.50 per share while INTBREW followed by shedding N0.30 to close at N8.2 per share.

Others include FIDSON, FCMB and UAC-Prop, losing N0.20, N0.17 and N0.08 to close at N3.50, N2.03 and N0.87 per share accordingly.

In term of turnover, GUARANTY led trade value by trading 29.557 million shares worth N739.213 million. Stanbic followed with 14.705 million shares valued N580.839 million, trailed by MTN Nigeria with a total of 4.050 million shares worth N485.977 million.

On the volume list, CUSTODIAN led with 49.266 million shares worth N236.492 million. GUARANTY followed while WAPCO occupied the third place with 23.580 million shares valued at N306.377 million to close the session.

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