The financial services sector on the Nigerian Exchange closed with a total market capitalization of N9.49tn, driven by strong performances from banking stocks, particularly Guaranty Trust Holding Company Plc, Zenith Bank Plc, and Access Holdings Plc.
Guaranty Trust Holding Company Plc led as the most valuable financial institution, with a market capitalization of N2.07tn and a share price of N60.50. Zenith Bank Plc followed with a market capitalization of N1.96tn, as its share price rose by 0.42% to N47.75.
Access Holdings Plc maintained a solid market position with a capitalization of N1.24tn, despite a 0.64% decline in its share price to N23.20. Similarly, United Bank for Africa Plc recorded a market capitalization of N1.21tn, with its stock dropping by 2.61% to N35.50.
First Bank Holdings Plc closed with a market capitalization of N1tn, as its share price fell by 2.28% to N27.90. Meanwhile, Fidelity Bank Plc showed resilience, posting a market capitalization of N843.57bn, with its share price rising by 1.19% to N16.80.
Ecobank Transnational Incorporated closed with a market capitalization of N532.14bn, trading at N29.00 per share, while Sterling Financial Holdings Company Plc ended at N241.38bn after a slight 0.19% decline to N5.31 per share.
Jaiz Bank Plc, a non-interest banking institution, continued its growth trajectory with a market capitalization of N150.71bn, as its share price rose by 3.05% to N3.38.
Wema Bank Plc experienced a 4.19% decline in its share price to N10.30, bringing its market capitalization to N220.73bn. Meanwhile, Unity Bank Plc, with no recorded trading activity, maintained a market capitalization of N17.65bn.
