Nigerian Stocks Market Extends Gain as Investors Jump on Bank Stocks

Investors at the Nigerian Exchange Limited are jumping on bank stocks ahead of the first half reports as FBN Holdings Plc’s trading volume rose from 11,823,255.00 shares traded on July 5th, 2021 to 34,838,093.00 shares on July 7th, 2021. Access Bank Plc also grew from 11,623,377.00 shares to 28,693,835.00 shares during the same period.

Zenith Bank was also attractive as its trading volume increased from 13,713,571.00 shares to 27,728,523.00 shares. Fidelity Bank remained among the top 5 most traded stocks for the third consecutive day with 24,741,668.00 shares traded on Wednesday. 

Investors traded a combined 296,098,560 shares valued at N2.562 billion in 4,507 transactions during the trading hours of Wednesday.

The market value of listed equities gained N43 billion from N20.027 trillion recorded on Tuesday to N20.070 trillion on Wednesday. While the Nigerian Exchange Limited All-Share Index appreciated by 0.22 percent from 38418.04 index points on Tuesday to 38501.31 index points on Wednesday.

Cutix Plc led gainers with N0.33 or 10 percent gain to settle at N3.63 a share. John Holt Plc followed with N0.06 or 9.84 percent gain to close at N0.67 a unit. See the table below for further details.

Top Gainers

Top Losers

Top Trades