Nigerian Stock market finished Thursday on a positive note, as the All-share Index gained +0.83% to close at 24,330.06 basis points as against +0.06% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -9.36%. Investors gained N104.22 billion.
Market turnover closes negative as volume moved down by -0.44% as against +0.003% uptick recorded in the previous session. STERLNBANK, FBNH and JAPAULOIL were the most active to boost market turnover. AIRTELAFRI and FBNH topped market value list.
Market breadth closed positive as GLAXOSMITH led 17 Gainers as against 16 Losers topped by NAHCO at the end of today’s session – an improved performance when compared with previous outlook.
GLAXOSMITH up 8.12% to close at N4.65 CADBURY up 6.67% to close at N7.25, MTNN up 3.04% to close at N118, AIRTELAFRI up 2.88% to close at N349.80
CAP down 9.69% to close at N18.65, CHAMPION down 9.47% to close at N0.86, MOBIL down 7.73% to close at N160, ETI down 7.45% to close at N4.35, IKEJAHOTEL down 6.86% to trade at N0.95
Nigerian bourse closed positive despite low liquidity, and falling crude oil prices, the rally was triggered by AIRTEL, MTN, Nigerian banking stocks.