Nigeria stock market ended the trading week on a positive note, as the All Share Index gained +0.18% to close at 24,693.73 basis points. Its Year-to-Date (YTD) returns currently stands at -8.00%
Trading turnover closed negative as volume moved down by -32.45% as against -11.53% downtick recorded in the previous session. GUARANTY, FBNH, and UBA were the most active to boost market turnover. GUARANTY and SEPLAT topped the market value list.
Market breadth closed positive as CORNERST led 18 gainers as against 14 losers topped by NPFMCRFBK at the end of today’s session
Top gainers
SEPLAT up 10.00% to close at N310.2, PZ up 5.13% to close at N4.1, UACN up 2.94% to close at N7, GLAXOSMITH up 2.08% to close at N4.9, BUACEMENT up 1.03% to close at N39.4
Top losers
STUDPRESS down 9.55% to close at N1.8, ARBICO down 9.74% to close at N1.39, NPFMCRFBK down 9.92% to close at N1.18, GUINNESS down 3.70% to close at N13, WAPCO down 2.08% to close at N11.75
Outlook
Nigerian Bourse ended the trading week on a positive note, triggered by rising crude oil prices, and some positive earnings results recorded despite the continual negative impact of the COVID-19 pandemic on major economic hubs. However, Nairametrics envisages cautious buying as geopolitical uncertainty remains a growing concern among many investors.
