The Nigerian Stock Market ended this week’s trading session on a bullish note, as the All Share Index gained 0.45% to close at 25,041.89 basis points as against +0.19% appreciation recorded yesterday. The Year-to-Date (YTD) returns currently stands at -6.71%.
Also, the Nigerian bouse’s market capitalization in value terms presently stands at N13,063 trillion.
The NSE trading turnover closed negative, as volume moved down by -3.80%. GUARANTY, FBNH, and STERLNBANK were the most active to boost market turnover. GUARANTY and OKOMUOIL topped the market value list.
Market breadth closed positive as LEARNAFRCA led 22 gainers, compared to 5 losers topped by UACN at the end of today’s session. This indicates an improved performance when compared with the previous outlook.
Top gainers
- VALUEFUND up 9.98% to close at N113.5
- GUINNESS up 4.44% to close at N14.1
- DANGSUGAR up 3.48% to close at N11.9
- OKOMUOIL up 2.74% to close at N77
- GUARANTY up 2.53% to close at N24.35
Top losers
- UACN down 9.49% to close at N6.2
- CHIPLC down 8.89% to close at N0.41
- JAIZBANKdown 3.39% to close at N0.57
- AIICOdown 3.23% to close at N0.9
- TRANSCORP down 1.61% to close at N0.61
Outlook
The Nigerian bourse, against all odds, finished five straight days on a bullish note. However, Narametrics still envisages cautious buying due to the relatively thin market liquidity that is currently being experienced.