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Investors rush banking stock, as Cap dips by N124bn

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

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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%. 

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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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