Nigerian Stock market closed on Wednesday on a bullish note, as the all-share index gained 0.47% to close at 24,595 basis points as against 1.53% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -8.37%. Nigerian bourse market capitalization stood at N12.83 billion.
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Market turnover closes negative as volume moved down by -29.45% as against +76.83%, the upside recorded in the previous session. WAPIC, UPDCREIT and UBA were the most active to boost market turnover. GUARANTY and UBA topped market value list.
Market breadth closed negative as CADBURY led 12 Gainers as against 22 Losers topped by NEIMETH at the end of today’s session
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Top gainers
STERLNBANK up 9.60% to close at N1.37,CADBURY up 9.63% to close at N7.4,BUACEMENT up 8.53% to close at N42,WAPCO up 5.00% to close at N10.5,PZ up 2.50% to close at N4.1
Top losers
GUINNESS down 3.45% to close at N14, DANGSUGAR down 2.50% to close at N11.7, ZENITHBANK down 2.48% to close at N15.7, FLOURMILL down 1.84% to close at N18.65, MTNN down 1.28% to close at N116
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Outlook
Nigerian bourse began on a positive note, triggered by positive macros, such as rising crude oil prices. However notable blue-chip stocks printed lower. Nairametrics recommends you seek the counsel of a certified financial advisor, as market volatility strengthens.
