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GTCO HOLDINGS
Market capitalization dropped to N13.136 trillion as investors lost N16.88 billion.
Performance across sectors closed bearish, as three out of the five major sub-indices posted losses.
Nigeria’s bourse gained N47.9 billion in second trading day of June over share price appreciation in blue-chip companies.
Equity investors on Nigeria’s bourse gained N25.1 billion as market capitalization appreciated by the same margin to close at N12.48 trillion.
Renaissance Capital Analyst, Soji Solanke, holds that some of the most compelling stock picks lie in the banking sector.
Transactions on the equities side continued the upbeat trend today, causing the All-Share Index (ASI) to rise further by 1.09 per cent to close at 24,202.87 index points.
All-Share Index and Market Capitalization both depreciated by 0.72% to close the week at 23,871.33 and N12.441 trillion respectively.
Now that more Nigerians are increasingly resorting to digital banking, there is an even greater chance that banks will start earning more income from e-banking fees. Experts agree to this
The benchmark All Share Index (ASI) advanced by 0.77% on teh Nigerian stock exchange to close at 23,892.92 index points.
This week, a total turnover of 1.662 billion shares worth N18.205 billion in 28,791 deals were traded by investors on the floor of the Exchange.
Nigeria's stock market suspended its bullish run, with the All-Share Index declining by 1.27%.
Investors gained N374.94 billion, as market capitalization rose to N12.408 trillion at close of trading.