GTCO, Transpower, Zenith Bank lift Nigerian Exchange Limited as equities gain 0.2%
Zawya · Staff Writer ·
Investor sentiment remained resilient as market breadth closed positive at a ratio of 1.2 times, with 27 advancing counters outpacing 23 decliners
The Nigerian equities market sustained its bullish momentum on Wednesday as renewed buying interest in banking and power heavyweights lifted the Nigerian Exchange Limited (NGX) All-Share Index (ASI) by 0.2 per cent to close at 254,762.81 points.
The trading rally, driven by bargain-hunting in Guaranty Trust Holding Company (GTCO), Transpower, Zenith Bank, and United Bank for Africa (UBA), bolstered the market’s year-to-date return to 63.4 per cent, while the month-to-date performance settled at 0.2 per cent.
GTCO led the gainers among large-cap tickers, appreciating by 5.1 per cent, while Transpower recorded a 10.0 per cent maximum gain. Zenith Bank and UBA also advanced by 2.7 per cent each, consolidating support for the benchmark index.