Nigerian stock market ended Thursday trading session on a positive note, stopping previous losses recorded this week. The ASI improved by 1.40% to close at 24,512.27 index points. Its Year-to-Date (YTD) returns currently stands at -8.68%. Investors gained N167.71 billion
However, activity level reversed its previous increase as total volumes and values exchanged declined by 59.20% and 53.32% to 164.28 million units and 2.125 billion respectively. FBNH was the most traded by volume at 42.67million units and ZENITHBANK was the most traded by value at N278.96million.
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Market sentiment, as measured by market breadth, closed flat with 11 gainers against 11 losers. DANGCEM and MAYBAKER and JAIZBANK were the top gainers of the day with +10.00% and +7.41% appreciation, while NEIMETH and MBENEFIT recorded the largest decline with -6.67% and -4.76% drop in share value.
Top gainers
DANGCEM up 10.00% to close at N134, CUSTODIAN up 3.09% to close at N5, AFRIPRUD up 2.74% to close at N4.12, MTN up N 0.84% to close at N120, ACCESS up 0.81% to close at N6.2.
Top losers
NEIMETH down 6.67% to close at N1.4, BUACEMENT down 3.50% to close at N40, DANGSUGAR down 2.50% to close at N11.7, ETI down 1.18% to close at N4.2, GUARANTY down 0.23% to close at N21.5
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Outlook
Nigerian bourse finished on a positive note as Nigeria’s juggernaut finished with maximum daily point recorded, with market liquidity improving.
Nairamerics envisages cautious buying as geopolitical risk still remains following the resurgence of COVID-19 onslaught dampening investors’ morale.
