Premium Board Stocks Gain N15bn as Investors Price up Zenith Bank, Others

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By Aduragbemi Omiyale

Equities in the Premium Board of the Nigerian Exchange (NGX) Limited appreciated by N15.2 billion on Monday after investors showed interest in Zenith Bank, Access Holdings, and FBN Holdings.

Data from the exchange indicated that the NGX Premium Index rose by 0.14 per cent, with its value closing at N10.815 trillion compared with the previous session’s N10.799 trillion.

A breakdown of the premium board stocks showed that Access Holdings improved its share price yesterday by 1.88 per cent to close at N8.15, with a market capitalisation of N289.7 billion.

On its part, FBN Holdings rose by 1.05 per cent to N9.60, with a market cap of N344.6 billion, while Zenith Bank increased by 1.00 per cent to close at N20.20, with a market cap of N634.2 billion.

Other stocks on the index, like MTN Nigeria Communications, Dangote Cement, Lafarge Africa, and Seplat, all closed flat at the end of the trading session, while UBA depreciated by 0.72 per cent.

It was observed that the banking, Pension, AFR Bank Value Index, Meri Growth index, Meri Value index, and the corporate governance index all saw increases, while other sectoral indices either closed flat or declined at the end of trading.

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