Zenith Bank’s Share Price Breaks Records, Outperforms GTCO On NGX

Nigeria’s leading financial institution, Zenith Bank Plc, ended the trading session at N25.50 per share, N0.30 kobo higher than GTCO’s closing price of N25.20, following sell-pressures that dragged the Holding company’s shares down 0.98 percent from N25.45 to N25.50.

The NGX closed lower on the back of sell-offs and buy-interests as the benchmark All-Share Index (ASI) fell 34 basis points.

The NGX ASI closed at 44,454.67 points, down 0.34 percent from the previous trading day and up 4.07 percent year to date. Meanwhile, the market cap fell by N80.85 billion.

The stock exchange market value as of Friday 14th January 2022 is N23.95 trillion, down from N24.03 trillion the previous trading day.

At the close of today’s session, the market breadth was negative, with FIDSON leading 14 gainers and 17 losers, led by SUNUASSURANCE.

Since the start of the year, the stock market has gained 1,738.23 basis points.

Top gainers on the NGX ASI

FIDSON gained +9.65 percent to N7.50 JBERGER gained +3.64 percent to N22.80 STERLING gained +3.29 percent to N1.57 UPDC gained +2.61 percent to N1.18 REGALINS gained +2.22 percent to N0.46 NGX ASI Top losers

SUNUASS fell 8.82 percent to N0.31 CUTIX fell 7.17 percent to N2.46 MBENEFIT fell 3.57 percent to N0.27
JAIZBANK – 2.86 percent to close at N0.68 ROYALEX – 2.44 percent to close at N0.80 NGX ASI – 2.44 percent to close at N0.80

BUAFOODS – 102,569,612 units BUAFOODS – 102,569,612 units
TRANSCORPORATION – 97,184,006 vehicles
33,239,768 units ACCESS
26.552,458 units FBNH
JAIZBANK – 25,940,315 units JAIZBANK – 25,940,315 units
NGX ASI is the most actively traded index in terms of value.

BUAFOODS – N6,761,053,104.10 MTNN – N689,576,622.20 GTCO – N445,498,088.65 FBNH – N318,640,334.40
Market sentiment is bearish, with the market differential favoring decliners, as 14 gainers were outnumbered by 17 losers.

This article was originally published on Naija News