Nigerian Exchange: Financial services sector closes with N9.49tn market capitalisation

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The financial services sector on the Nigerian Exchange closed with a total market capitalisation of N9.49tn, driven by strong performances from banking stocks. Guarantee Trust Holding Company Plc emerged as the most valuable financial institution, with a market capitalisation of N2.07tn, trading at N60.50 per share.

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Zenith Bank Plc followed closely, recording a market capitalisation of N1.96tn, with its share price closing at N47.75, reflecting a 0.42 percent increase. Access Holdings Plc also maintained its strong market position with a capitalisation of N1.24tn, despite a 0.64 percent decline in its share price to N23.20.

Other notable performances in the sector include United Bank for Africa Plc, which recorded a market capitalisation of N1.21tn, and First Bank Holdings Plc, which had a market capitalisation of N1tn

Fidelity Bank Plc showed resilience, recording a market capitalisation of N843.57bn, with its share price appreciating by 1.19 percent to N16.80. Ecobank Transnational Incorporated recorded a market capitalisation of N532.14bn, trading at N29.00 per share.

Sterling Financial Holdings Company Plc closed with a capitalisation of N241.38bn, as its stock declined slightly by 0.19 percent to N5.31. Jaiz Bank Plc, a non-interest banking institution, continued to show growth potential with a market capitalisation of N150.71bn, with its share price increasing by 3.05 percent to N3.38.

Meanwhile, Wema Bank Plc saw a 4.19 percent drop in its share price to N10.30, with a market capitalisation of N220.73bn. Unity Bank Plc, which recorded no trading activity, maintained a market capitalisation of N17.65bn

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