Stanley OparaThe equities market, on Tuesday, appreciated by N335bn thus sustaining its positive trajectory for the week. FBN Holdings Plc, Sterling Bank Plc and Diamond Bank Plc emerged as the top three gainers at the close of trading, appreciating respectively by 10.2 per cent, 10 per cent and 10 per cent. Tuesday’s positive performance was largely driven by sustained buying interest in market heavyweights like Dangote Cement Plc, Zenith Bank Plc and FBN, which appreciated by two per cent, 4.7 per cent and 10.2 per cent. However, the banking index appreciated the most, up by 3.9 per cent owing to a sector-wide rally. However, Zenith Bank, Guaranty Trust Bank Plc and United Bank of Africa Plc were the major drivers of the performance.

Source: Punch January 16, 2018 22:52 UTC