Nigeria’s stock market closed today on a negative note, as the All Share index dropped slightly by 0.09% to close at 23,871.33 points as against +0.77% appreciation recorded on Thursday’s trading session. Market capitalization stands at N12.44 trillion, while its Year-to-Date (YTD) returns currently stands at -11.07%.
- Market turnover closed positive with volume moving up by +21.18%, as against a +14.76% uptick recorded in the previous session.
- GUARANTY, UACN and ACCESS were the most active to boost market participants by trading volume. GUARANTY and DANGCEM topped market value list.
- STANBIC led the list of active stocks that recorded impressive volume surge at the end of Friday’s trading session.
- Market breadth closed positive with STANBIC leading 18 gainers, as against 13 losers topped by CILEASING at the end of today’s session; an improved performance when compared with previous outlook.
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Top gainers
STANBIC up 9.91% to close at N32.15; PRESCO up 9.88% to close at N40.05; GLAXOSMITH up 7.63% to close at N6.35; NASCON up 4.98% to close at N10.55; and GUARANTY up 2.27% to close at N22.5.
Top losers
CILEASING down 9.80% to close at N4.6; GUINNESS down 1.69% to close at N17.5; DANGCEM down 1.71% to close at N143.5; WAPCO down 0.93% to close at N10.7; and MTNN down 0.45% to close at N109.5.
Outlook
Trading at Nigeria’s bourse remained thin, as many local investors remained on the sidelines. Nairametrics advises cautious buying of Nigerian stocks, based on the poor market liquidity recorded this week
