Nigerian Stocks: The bulls and bears of Monday June 5th 2017


Consolidating on the massive gains recorded in the previous trading session, the NSE All-Share Index advanced by 3.85% to 32578.38 pts at the end of the day’s trading activities.

The YtD return of the index subsequently settled at 21.22%. However, volume of shares traded likewise market turnover declined by 9.60% and 7.03% accordingly. There were forty-five (45) gainers in the day while thirteen (13) stocks shed in value, settling the market breadth for the day at 3.46x.

  • MOBIL (+10.25%) was the top outperformer in the market, trailed by CONOIL (+10.23%), FLOURMILL (+10.19%), FBNH (+10.12%) and CUSTODYINS (+9.72%),
  • The day’s losers were led by UNIONDICON (-4.95%), CILEASING (-4.55%), JAIZBANK (-4.40%), CUTIX (-4.27%) and THOMASWY (-3.70%) respectively.
  • The NSE sector indices all recorded advancements (NSEIND, +6.49%; NSEBNK10, +1.75%; NSEFBT10, +0.22%; NSEOILG5, +3.28%; NSEINS10, +1.14%) in the day.
  • The Nigerian equities market was characterized by stronger bullish activities as reflected by the price gains witnessed on certain tickers upon which profit-taking was expected. We expect the positive momentum to continue, however, we do not rule out the likelihood of speculators cashing in on the significant gains recorded thus far.

Download (PDF, 257KB)

Source: Meristem

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

What's your say?