United Bank for Africa, UBA, was a top performer at the Nigerian Stock Market as trading of quoted equities maintained an upward trajectory with a gain of N214 billion last week.
Despite the unstable market situation, significant rally in the banking sector led by UBA boosted the overall market position.
Benchmark indices at the Nigerian Stock Exchange (NSE) indicated a week-on-week gain of 2.55 per cent.
The NSE Banking Index recorded average return of 6.60 per cent, with UBA leading the charge with a gain of about cent.
UBA led the gainers with a gain of 22.59 per cent to close at N4.45 per share. Conoil followed with a gain of 20.67 per cent to close at N23. Oando rallied 13.42 per cent to close at N6. Trans Nationwide Express rose by 12.71 per cent to close at N1.33 while Access Bank appreciated by 10.77 per cent to close at N5.35.
