GTCO, ACCESSCORP Lead Activity Chart at Nigerian Stock Market

The Nigerian stock market has witnessed a significant increase in activity, with GTCO and ACCESSCORP emerging as the top performers. According to the latest data, GTCO led the activity chart with an impressive 53.2 million shares traded, followed closely by ACCESSCORP with 51.9 million shares.

The top five performers on the activity chart were:

1. GTCO – 53.2 million shares

2. ACCESSCORP – 51.9 million shares

3. FIDELITYBK – 40.5 million shares

4. NB – 35.7 million shares

5. ZENITHBANK – 27.3 million shares

In terms of trading value, MTNN topped the chart with trades worth N5.5 billion, followed by GTCO at N3.6 billion. NB recorded a turnover of N1.9 billion, while ZENITHBANK posted N1.3 billion. ACCESSCORP rounded out the list of top value trades with N1.1 billion.

Among the SWOOTs (Stocks Worth Over One Trillion Naira), INTERNATIONAL BREWERIES led the pack with a gain of 2.19%, while LAFARGE AFRICA edged up by 0.06%. On the downside, MTNN declined by 0.36%.

Within the FUGAZ banking group, UBA posted a modest rise of 1.30%, ZENITHBANK climbed 1.04%, and ACCESSCORP gained 0.70%. Conversely, FIRSTHOLD declined by 0.80%, and GTCO slipped by 0.64%.

The All Share Index has reclaimed the 109,000 level, which it slipped below in the previous week.

Sustained gains, particularly among mid- and large-cap stocks, could provide the necessary momentum to drive the index higher in the coming sessions.

According to financial market writer and trader, Izuchukwu Okoye, “The Nigerian stock market is witnessing a significant increase in activity, with GTCO and ACCESSCORP leading the charge. The top performers on the activity chart are a mix of banking and non-banking stocks, indicating a broad-based rally.

However, the market is not without its challenges, and investors should remain cautious and focused on their long-term goals.”