Access Corporation, Transcorp Hotels, Fidelity Bank, others push market to new high

Nigeria's equities market

Nigeria’s equities market closed even more in the green zone on Thursday by 0.35percent or N93 billion, thanks to financiers who purchased shares of Transcorp Hotels Plc, Access Corporation Plc, Fidelity Bank Plc, Transnational Corporation Plc and FCMB Group Plc.

At the close of trading session on Thursday, the Nigerian Exchange Limited (NGX) All Share Index (ASI) and its equities market capitalisation increased even more from 51,17841 points and N27870 trillion to 51,35574 points and N27963 trillion.

Read likewise: Nigeria Immigration withdraws legal action versus Seplat, Directors

Access Corporation led the league of advancers after its share rate went up from N9 to N9.90, including 90 kobo or 10 percent. Transcorp Hotels likewise increased from day open low of N6.50 to N7.15, including 65 kobo or 10 percent.

Transnational Corporation likewise increased from N2.23 to N2.45, up by 22 kobo or 9.87 percent. Fidelity Bank likewise increased from N5.28 to N5.80, up by 52 kobo or 9.85 percent, while FCMB Group advanced from N3.47 to N3.81, up by 34 kobo to 9.80 percent.

Month-to-date (MtD), the marketplace has actually reduced by 5.30 percent, while week-to-date (WtD), it has actually reduced by 1.04 percent. The marketplace’s favorable close pressed its record return year-to-date (YtD) to brand-new high of 0.20 percent.

In 4,309 offers, financiers exchanged 600,778,307 shares valued at N5.054 billion. Shares of Transcorp Access Corporation, UBA, Fidelity Bank and Zenith Bank were most traded on Thursday.


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