Nigerian bourse ended today’s trading session on a flat note, as the All Share Index finished 0.00%, to close at 24,173.53points.
Market activity improved, compared to the previous trading session, as total volume and value increased by 32.37% and 39.34% to 402.63million units and N4.55billion. UACN was the most traded by volume at 136.77million units and NB was the most traded by value at N1, 631.44billion.
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Market sentiment, as measured by market breadth, closed flat with 9 gainers against 9 losers. ETERNA and MAYBAKER were the top gainers of the day with +8.89% and +7.91% gains, while GLAXOSMITH and CHIPLC recorded the largest decline with -9.52% and -8.16% drop in share value.
Top gainers
ETERNA up 8.89% to close at N1.96, MAYBAKER up 7.91% to close at N3, NPFMCRFBK up 7.58% to close at N1.42, NEIMETH up 7.14% to close at N1.5, FIDSON up 3.45% to close at N3,
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Top losers
GLAXOSMITH down 9.52% to close at N4.75, CHIPLC down 8.16% to close at N0.45, AFRIPRUD down 4.07% to close at N4.01, CAVERTON down 3.16% to close at N1.84, STERLNBANK down 3.28% to close at N1.18
Outlook
Nigerian bourse ended Wednesday trading session flat despite strong buying pressure from Nigeria’s leading pharmaceutical stocks. Nairametrics envisages cautious buying as market liquidity remains relatively low.
