International Breweries Plc on Thursday led the Nigerian Stock Exchange (NSE) gainers’ table, gaining N2.21 to close at N46.52 per share.
Stanbic IBTC followed with a gain of N1.10 to close at N46.52 and GlaxosmithKline increased by 85k to close at N24 per share.
Also, Cadbury grew by 30k to close at N10.50, while Nestle appreciated by 27k to close at N1,200.27 per share.
Meanwhile, Forte Oil topped the losers’ chart declining by N2 to close at N46 per share while
Nigerian Breweries trailed with a loss of 51 to close at N161.99 and Total shed 41k to close at N245 per share.
At the end of the day’s transaction, the banking equities remained the most active with United Bank for Africa emerging the toast of investors, trading 30.65 million shares valued at N275.04 million.
Sterling Bank followed with an account of 15.72 million shares worth N15.67 million, while GT Bank traded 15.27 million shares valued at N636.89 million.
Meanwhile, Zenith International Bank Plc has declared gross earnings of N531.3 billion for the third quarter ended September 30, 2017.
The report obtained by the News Agency of Nigeria (NAN) showed that the gross earnings represented a growth of 39.7 per cent above N380.4 billion achieved in the corresponding period of 2016.
The bank’s Profit before Tax (PBT) inched by 30.8 per cent to N152.5 billion from N116.6 billion in the preceding period of 2016.
Also, profit after tax (PAT) grew by 36 per cent to N129.2 billion compared with N95.4 billion in 2016.
Its net interest income rose marginally by 6.2 per cent to N201.5 billion from N189.8 billion in the preceding period of 2016 and non-interest income surged by 123 per cent to N169.5 billion, from N94.7 billion in 2016.
NAN reports that still reflecting the challenges borrowers are facing to repay loans, the bank’s credit impairment charges rose by 115 per cent from N21.9 billion to N47.1 billion.
The bank enjoyed high customer loyalty and patronage as deposits grew from N2.6 trillion at the end of December 2016 to N3.1 trillion as at September.
However, loans and advances fell marginally by 2.6 per cent to N2.2 trillion, from N2.4 trillion.
Also on Thursday, market capitalisation rose by N2 billion or 0.02 per cent to close at N12.614 trillion compared with N12.612 trillion on Wednesday.
