Big banks steer gains as Nigerian stocks add N13.5 billion
Nigeria, April 8 -- Nigerian stocks were up by 0.07 per cent on Thursday, extending gains reported at the previous trading session in an advance led by Zenith, GTB and Access Bank, three of Nigeria's five biggest banks by asset commonly known by the acronym, FUGAZ.
That easily pushed the banking index to the forefront of performance of the five major sectorial indices tracked by the bourse with a 2.19 per cent jump to 346.87 basis points.
Trade, however, ended with a neutral market breadth with the number of gainers drawing level with that of loser, each reporting 13.
The all-share index edged up by 25.80 points to 38,799.83 and market capitalisation to N20.300 trillion. The index has fallen 3.65 per cent in January to date.
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