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.
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.
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.
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
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.