The Nigerian bourse closed on Friday on negative with the Nigerian All Share Index (ASI)/Market Capitalization down by 0.13%, to close at 21,094.62 and N10.993 trillion respectively, YTD performance at 17.61%.
The activity level was mixed, as volume traded fell by 7.94% to 235.29 million units of shares, while value traded climbed by 3.97% to N2.978billion in 3,988 deals.
First Bank Nigeria was the most traded stock by volume at 59.68 million units, followed by GTB with 43.55 million units of trades.
Performance across sectors was bearish, except for the Banking and Oil & Gas indices which rose by +3.70% and +0.54%, on bargain hunting in Tier one banking shares like ACCESS (+10.00%), ZENITH BANK (+8.18%), FBNH (+6.76%), and OANDO (+6.34%).
(READ MORE: NSE loses N2 trillion in value in Q1 2020, as oil plunges 65% QoQ)
On the flip, the Industrial, Insurance and Consumer Goods indices recorded losses as they depreciated by -0.89%, -0.61% and -0.41% respectively due to price declines in the shares of WAPCO (-2.72%), DANDCEM (-2.65%), AIICO (-1.35%), and NB (-2.22%).
Top gainers
ZENITH BANK up 8.18% to close at N11.9; ACCESS up 10.00% to close at N6.05; UACN up 7.69% to close at N7; GUARANTY up 1.73% to close at N17.6; and FLOUR MILL up 1.49% to close at N20.5.
Top losers
DANGCEM down 0.65% to close at N125; MTNN down 0.86% to close at N92; CILEASING down 9.68% to close at N5.6; NB down 2.22% to close at N22, and SKYAVN down 9.89% to close at N2.37.
Is zenith bank,nestle and fcmb a good buy now