LivingTrust Mortgage Bank Plc emerged among the best-performing stocks on the Nigerian Exchange on Tuesday after its share price jumped 10 percent to N2.86.
The mortgage lender gained N0.26 during the trading session, rising from its previous closing price of N2.60 to N2.86.
The 10 percent increase placed LivingTrust Mortgage Bank at the top of the NGX gainers’ table alongside NPF Microfinance Bank, which also recorded a 10 percent appreciation.
Buying interest in LivingTrust shares pushed the stock to the daily price movement limit, allowing it to close N0.26 above its previous market price.
Wapic Insurance followed with a 9.95 percent increase from N2.21 to N2.43, while VFD Group appreciated 9.84 percent from N12.20 to N13.40.
ABC Transport completed the five leading gainers after rising 9.82 percent from N5.60 to N6.15.
LivingTrust Mortgage Bank’s 10 percent advance came during a weaker session for the broader equities market.
The NGX All-Share Index declined 0.29 percent to 251,913.20 points, while equity market capitalisation fell to N163.53 trillion.
Despite the broader market decline, LivingTrust Mortgage Bank maintained strong buying momentum during the session and closed at N2.86 after reaching the 10 percent daily gain limit.
