…As investors reacted positively to the news by the CBN on strength of the banking sector, tier-1 banking stocks surged. ZENITH (+5.32%), ACCESSCORP (+4.49%), and GTCO (+4.43%) shares gained.
WED JUNE 18 2025-theGBJournal| The Nigerian equities market recovered from two consecutive days of losses to climb by 1.6% to 116,786.87 points as the Central Bank of Nigeria shared the sweet heart news of the vibrant state of the Nigerian banking sector.
As investors reacted positively to the news by the CBN on strength of the banking sector, tier-1 banking stocks surged. ZENITH (+5.32%), ACCESSCORP (+4.49%), and GTCO (+4.43%) shares gained.
Gains were also seen MTNN (+4.8%), SEPLAT (+9.9%), ARADEL (+7.4%) and TRANSPOWER (+8.2%) shares.
Consequently, the Month-to-Date and Year-to-Date returns settled higher at +4.5% and +13.5%, respectively.
The total volume of trades declined by 18.7% to 640.08 million units, valued at N26.01 billion, and exchanged in 19,727 deals.
ZENITHBANK was the most traded stock by volume and value at 149.92 million units and N7.21 billion, respectively.
Sectoral performance was broadly positive as the Oil & Gas (+7.5%), Banking (+3.3%), Insurance (+2.0%), and Industrial Goods (+0.1%) indices advanced, while the Consumer Goods (-0.2%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.2x), as 36 tickers gained relative to 30 losers.
NEM (+10.0%) and BETAGLAS (+10.0%) led the gainers, while ETERNA (-10.0%) and NSLTECH (-9.7%) posted the most significant losses of the day.
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