GTCO and MTN Nigeria Drive Nigerian Stock Market to N171 Billion Gain

Investor interest in Guaranty Trust Holding Company Plc (GTCO) (NGX: GTCO), MTN Nigeria Communication Plc, and other stocks boosts the Nigerian stock market by N171 billion. GTCO and MTN Nigeria saw significant stock price appreciation, leading to a positive market performance.

The Nigerian Exchange Limited Index (NGX ASI) gained, with sectoral indices like Insurance, Consumer Goods, and Banking also showing positive trends. Notable price gains were recorded by companies like PZ Cussons Nigeria (NGX: PZ) and Champion Breweries (NGX: CHAMPION), while Briscoe Nigeria led the losers' chart.

The market capitalization closed at N trillion, reflecting a strong investor sentiment.