GTCO Leads NGX Trading Value With N2.44 Billion Turnover

Guaranty Trust Holding Company Plc led buying and selling by worth on the Nigerian Exchange on Thursday after buyers exchanged 19.04 million shares price N2.44 billion.

GTCO’s N2.44 billion turnover represented roughly 15.9 % of the N15.31 billion traded throughout the equities market throughout the session.

The monetary providers group ranked second by quantity among the many 5 most actively traded shares, behind United Bank for Africa, which recorded 36.37 million shares price N1.56 billion.

GTCO’s buying and selling exercise moderated in contrast with the earlier session. On Wednesday, buyers exchanged 12.17 million GTCO shares price N1.56 billion.

Thursday’s quantity subsequently elevated by roughly 56.4 %, whereas transaction worth rose by about 56.4 % to N2.44 billion.

The improve in GTCO exercise contrasted with the broader decline in market turnover.

Total transaction worth on the NGX dropped 46.4 % to N15.31 billion from N28.59 billion on Wednesday, whereas buying and selling quantity declined 8.9 % to 286.76 million shares.

UBA led the market by quantity with 36.37 million shares valued at N1.56 billion, whereas Access Holdings recorded 16.98 million shares price N482.63 million.

VFD Group traded 14.26 million shares valued at N200.14 million, whereas Zenith Bank recorded 12.34 million shares price N1.58 billion.

GTCO alone accounted for almost N1 out of each N6 traded on the equities market throughout Thursday’s session, highlighting the focus of transaction worth within the banking inventory regardless of weaker total market exercise.

The Nigerian equities market closed marginally larger with the NGX All-Share Index gaining 0.01 % to 247,707.13 factors, its second consecutive constructive shut.