In­vestors rush bank­ing stock, as Cap dips by N124bn

Daily Trust - - BUSINESS - From Sun­day Michael Ogwu, Le­gos

The quar­tet of FBNH, Di­a­mond, Stan­bic and Zenith banks traded a to­tal of 134.5 mil­lion shares for com­bine worth of N1.4bn yes­ter­day.

The eq­ui­ties mar­ket of the Nige­rian Stock Ex­change (NSE) closed yes­ter­day on a neg­a­tive note, as the Mar­ket Cap­i­tal­i­sa­tion shed N124bn to close at N12,789.

The ASI de­pre­ci­ated by -0.96% to close at 36,953.41 ba­sis points as against +0.52% ap­pre­ci­a­tion recorded pre­vi­ously. Its Year-to-Date (YTD) re­turns cur­rently stands at +37.50%.

Speak­ing to Daily Trust on the de­vel­op­ment, the Man­ag­ing Di­rec­tor of Crane Se­cu­rity, Mike Eze said: “What we are see­ing is that peo­ple are try­ing to take po­si­tion in these com­pa­nies be­cause of the im­pres­sive third quar­ter re­sults that they have posted.

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