The unaudited financial results presented to the Nigerian Exchange were boosted by current account maintenance fees and fees from electronic products.
The PBT represented a 25.53 per cent growth compared with N59.21 billion achieved in the corresponding period of 2020.
Airtel Africa’s share buy-back plan was said to have buoyed the impressive performance.
The downturn was buoyed by investors’ sell-sentiment on the insurance and industrial goods sector.
The negative performance was driven by market watchers’ sell-off sentiment in the banking sector.
The market capitalisation, which opened trading at N20.273 trillion, rose by N17 billion to close at N20.290 trillion.
The market upturn was due to investors’ renewed buying interest in the financial and industrial sectors.
The market capitalisation lost N3 billion to close at N20.275 trillion in contrast with N20.278 trillion recorded on Friday.
The market capitalisation lost N146 billion to close at N20.278 trillion.
Market performance was driven by price depreciation in large and medium capitalised stocks.
