Zenith Bank, Access Bank lead bullish rally on Friday


The Nigerian Stock Exchange (NSE) closed bullish on Friday, following three days of consecutive loss as Zenith Bank emerged the toast of investors, trading 127.3 million shares worth N2.2 billion in 714 deals.

Access Bank was next with 71 million shares worth N633 million traded in 278 deals while UBA traded 58.96 million shares valued at N385 million in 339 deals. 45.5 million Sterling Bank shares valued at N100 million were traded in 366 deals while CAP rounds was  the fifth most traded stock with 36.6 million shares worth N889.8 million traded in 47 deals.

A total of 432.5 million shares worth N5.6 billion were traded in 4,002 deals on Friday.

The NSE closed up by 0.48 per cent  with the All-Share Index closing at 26,314.49 basis points, taking the Year to date position of the bourse to -16.28 per cent.

Law Union and Rock Insurance and Custodian Investment led gainers with a 10 per cent gain to close at N0.55 and N5.50 respectively. Access Bank followed with a 9.52 per cent gain to close at N9.20.

Honeywell Flour Mill gained 8.89 per cent to close at N0.98 per cent. Fidson Healthcare rounds up the top 5 gainers with a gain of 7.69 per cent to close at N3.50.

Unilever Nigeria took the biggest hit of 9.47 per cent to close at N19.60 even as Ikeja Hotels followed with a loss of 9.35 per cent to close at N0.97.

International Breweries down by 8.29 per cent to close at N9.40. CAP Plc closed down 4.89 per cent, ending the day at N24.30 while Royal Exchange rounds up the top-five losers with a 4.76 per cent to close at N0.20.