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.
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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.
Top gainers
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
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Top losers
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
Outlook
Nigerian bourse closed positive despite low liquidity, and falling crude oil prices, the rally was triggered by AIRTEL, MTN, Nigerian banking stocks.
