Tier-1 Banks Drive NGX ASI Higher By 0.19%—Trading on the Nigerian Exchange Ltd., (NGX) on Wednesday closed positive, as bargain hunting in Tier-1 banks, including Zenith Bank and Guaranty Trust Holding Company (GTCO), and SEPLAT drove the benchmark index higher.
Similarly, the market capitalisation grew by 0.19 per cent to close at N25.218 trillion as against N25.17 trillion recorded the previous day.
Meyer recorded the highest price gain of 8.86 per cent to close at 86k per share, while Regal Insurance followed with a gain of 7.14 per cent to close at 30k per share.
FTN Cocoa rose by 6.45 per cent to close at 33k, per share, while Caverton appreciated by 5.56 per cent to close at N1.33, per share.
On the other hand, NPF Microfinance Bank led the losers’ chart with 9.64 per cent to close at N2.25, per share.
Learn Africa followed with a decline of 9.14 per cent to close at N1.69 per share, while Multiverse lost 8.70 per cent to close at 21k per share.
RTBriscoe declined by 6.67 per cent to close at 56k per share, while NASCO shed 5.43 per cent to close at N12.20 per share.
