The NGX All shares Index appreciated by 11bps today to settle at 100,075.59 points. Positive performance in Zenithbank(+2.56%), Ucap (+10.00%), FBNH (+1.11%), Wapco(+1.39%), UBA(+0.66%) and UACN (+7.42%) amongst others were the key gainers today and ousted weaknesses recorded in Stanbic (-1.47%), Transcorp(-1.25%) and Dangsugar(-0.48%).
The NGX Banking sub index rose by 0.61% on the back of gains in top tier banks, as the lenders continue with their capital raise via Public Offers and Right Issues. Large Cap players such as Geregu, Dangcem and Buacem all traded flat and remained as net offers.
Market turnover closed at N7.4billion ($4.59million) buoyed mainly by trades in Zenithbank and GTCO shares. We expect the market to maintain its current trading pattern in the coming session.