Sterling Bank among top 5 gainers, shares appreciate 4%

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By Odunewu Segun

Sterling Bank share price rose amongst other banking giants such as Guaranty Trust Bank and Zenith Bank at the close of trading sessions at Nigerian Stock Exchange, yesterday, appreciating by 4 per cent or 4 kobo to close at N1.04 per share.

The bank was among the top five gainers with UBA, the second bank in the top five gainers, coming second with a share price appreciation of 3.11 per cent to close at N4.31 per share. Livestock Feeds Plc led the gainers table with an addition of 5.56 per cent to close at 95 kobo per share followed by Sterling Bank.

Total came third, adding 3.33 per cent or N8 to close at N248 per share while UBA came fourth with a 3.11 per cent or 13 kobo to close at N4.31 per share. Continental re-insurance Plc gained 3.09% or 3 kobo to close at N1 per share.

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Champion Breweries Plc led the retreating stocks with a decline of 8.06% or 25 kobo to close at N2.85 per share, Nigeria Police Force Microfinance Bank Plc lost 4.95% or 5 kobo to close at 96 kobo per share, Africa Prudential Registrars Plc fell by 4.94% or 13 kobo to close at N2.50 per share. Conoil Plc declined by 4.92% or N1.12 to close at N21.65 per share and Presco Plc depreciated by 4.86% or N1.89 to close at N36.96 per share.

The All Share Index of the Nigerian Stock Exchange also leaped by 0.27 percent to close at 27,389.02 points compared to Monday’s growth of 0.27 percent when the ASI closed at 27,316.52 points.

The total value of stocks traded on the floors of the bourse was N2.23 billion, up by 11 percent from N2.00 billion recorded on Monday. The total volume of stocks traded in 3,512 deals was 235.9 million shares in contrast to 213.6 million traded in 3,742 deals in previous session.