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GTBank, Oando propel Nigerian Stocks high.

GTBank, Oando propel Nigerian Stocks high

As investor interest lifted the benchmark index 0.06% on Thursday, Nigeria’s stocks reported their first positive close in four days for the first time since the outbreak of the pandemic hit.

Market capitalisation jumped N20.25 trillion on 21.44 points rise in the all-share index, which closed at 38,874 index points. The index is down 3.47% year-to-date.

Even though the progress reversed the loss from the previous session, the equities are still on track for a negative week, with shares generally declining Monday through Wednesday.

Stocks in the financial services industry, the 155-listing exchange’s most popular share class, saw a significant decline in investor participation.

As varied as GTCO, NAHCO, and Oando were in demand on Thursday, the market returned to its strength to rise.

Top 5 gainers

A 10-percent increase in NAHCO’s share price to N3.52 led gainers. N1.95, up 9.55 percent, was the price for Pharma Deko.

Veritas Kapital climbed to N0.23, gaining 9.52 percent. Ending trading at N9.43, Cornerstone increased 9.43 percent. As of N0.22, Chambers increased 4.76 percent.

Top 5 losers

At N0.23 on Thursday, Sovereign Trust dropped 4.76 percent. N1.83 closed at 3.68 percent down for UPDC. As a result, the ETI fell 2.83 percent to N5.15.

As a result, Transcorp lost 2.17 percent of its value to N0.90. At N0.47, Prestige ended down 2.08 percent.

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