GTB, Unity, Zenith Bank shares lift trading as market capitalisation rises by 0.2%

By The Citizen

Trading activities on the Nigerian Stock Exchange closed on the positive on Monday.

The market capitalisation of the listed equities rose by N28bn or 0.2 per cent from N11.497tn to N11.525tn.

Similarly, the NSE's All-Share Index increased by 88.62 basis points or 0.2 per cent to close at 36,337.15 points, from 36,248.53 points recorded the previous day.

The NSE-30 Index also rose by 0.4 per cent or 6.67 points, from 1,689.43 points to close at 1,696.10 basis points.

The Consumer Goods Index rose by 4.04 basis points or 0.4 per cent from 1,020.97 points to 1,025.01 points.

The banking index, however, recorded the highest appreciation, rising by 3.73 basis points or 0.9 per cent to close at 393 basis points, while the insurance index rose to 139.63 basis points from 139.43 points recorded last Friday.

The banking sub-sector maintained its lead on the activity chart, with investors exchanging 51.991 million shares, worth N630m in 1,572 transactions.

Activities in the banking sub-sector accounted for 20 per cent of total turnover.

Volume in the sub-sector was driven by trading in the shares of Guaranty Trust Bank Plc, Unity Bank Plc and Zenith Bank Plc.

A total of 26 stocks recorded price appreciation compared to 29 stocks which lost.

Paint Manufacturing Company of Nigeria Plc recorded the highest price appreciation, rising by 10 per cent or 17 kobo to close at N1.87 per share.

Jos International Breweries Plc gained 9.9 per cent or 29 kobo to close at N3.22 per share.