Market Wrap 24/06/2021

Trading activities on the Nigerian equities market closed on a positive note as the NGXASI appreciated by +0.40% to settle at 37,954.35 point. Notable gains in Buacement (+2.14%), Nb (+1.10%) as well as positive movement in selected banking stocks; GTCO (+1.58%),Fbnh (+1.41%), Zenithbnak (+1.28%), Stanbic (+0.38%) and Sterlnbank (+1.26%),supported the broad index northward in today’s session. Nevertheless, UBA (-2.05), Uacn (-0.51%), Access (-0.60%) and ETI (-0.99%) all declined.

The Exchanged, announced that the entire 29,431,179,224 issued shares of GTB were delisted from the Daily Official List of the Nigerian Exchange Limited (NGX) today, 24 June 2021 while GT Holdco’s entire issued share capital of 29,431,179,224 ordinary shares of 50 Kobo each were also today, 24 June 2021 listed on the Daily Official List of NGX at N28.55 per share. Going forward, the newly listed entity GT Holdco’s stock symbol will be GTCO

Market turnover was N1.83bln ($4.48mln), boosted by trades in Zenithbank, Stanbic and GTCO. The YTD return on the NGX index moderated to -5.75%. We expect the market to maintain a similar trading pattern in the coming session

Our site uses cookies to enhance your experience. By continuing to browse, you agree to our Privacy Policy