Five banking stocks leaped significantly recording gains between 15.8 per cent and 11 per cent. FBN Holdings Plc led with 15.8 per cent, trailed by Guaranty Trust Bank Plc with 14.4 per cent.
Diamond Bank Plc went up by 12.7 per cent, while United Bank for Africa Plc and Zenith Bank Plc added 11.8 per cent and 11 per cent to their respective value. Investors traded about N1.9 billion shares worth N12 billion shares.
According to Market analysts, the earnings of some of the banks would improve following the introduction of the flexible foreign exchange policy since they are the ones to play in the forex market.