By Nkiruka Nnorom
Mid-cap banking stocks have continued to hold sway at the Nigerian Stock Exchange, NSE, as the market continues its upward trend.
At the close of transactions today, gains in 26 equities led by FCMB Group Plc, Skye Bank Plc, Caverton Offshore Goup Plc and Fidelity Bank Plc, resulted in N76 billion gains in investors’ wealth.
Specifically, FCMB rose by 9.84 percent to close at N2.79 from N2.54. Skye Bank Plc followed with 8.33 percent price increase to close at N0.91 from N0.84, while Caverton Offshore, Fidelity Bank Plc and International Breweries Plc appreciated by five percent each to close at N1.68, N3.36 and N63.00 from N1.60, N3.20 and N60 per share respectively.
26 losers also emerged during the day led by Eterna Plc, which fell by 6.82 percent to close at N6.15 from N6.60 per share.
Union Bank of Nigeria, UBN, trailed behind, declining by five percent to close at N7.98 from N8.40. Lafarge WAPCO closed as the third on the list, depreciating by 4.99 percent to close at N54.06, while NAHCO Aviation Handling Company and Cutix Plc went down by 4.90 percent and 4.85 percent to close at N4.27 and N2.16 from N4.49 and N2.27 respectively.