The Nigerian Stock Exchange closed Tuesday’s trading session on a slightly bullish note. The All Share Index recorded an uptick of 0.02% to close at 25,136.49 basis points as against -0.27% depreciation recorded previously.
Its Year-to-Date (YTD) returns currently stands at -6.35%. The Nigerian Stock Exchange market capitalization stood at N13,1123 trillion.
Market turnover closed positive as volume moved up by +68.08% as against -66.59% downtick recorded in the previous session. ZENITHBANK, GUARANTY, and LASACO were the most active to boost market turnover. GUARANTY and ZENITHBANK topped trading turnover in value terms.
NASCON led the list of active stocks that recorded an impressive volume spike at the end of today’s session.
Market breadth closed positive as UPL led 16 Gainers as against 13 Losers topped by CONOIL – an improved performance when compared with the previous outlook.
Top gainers
- UPL up 9.91% to close at N1.22
- UCAP up 3.23% to close at N3.2
- DANGSUGAR up 2.44% to close at N12.6
- UBA up 2.31% to close at N6.65
- FLOURMILL up 1.09% to close at N18.5
Top losers
- CONOIL down 9.76% to close at N15.25
- ARDOVAdown 9.68% to close at N12.6
- OANDO down 9.68% to close at N2.24
- FIDSON down 5.25% to close at N3.79
- NBdown 2.78% to close at N35
Market Outlook
The Nigerian bourse finished on a near flat note, as Nigerian oil stocks (OANDO , CONOIL, ARDOVA ) capped Tuesday’s bullish run. Nairametrics envisages cautious buying as many institutional investors remain on the sidelines, thereby affecting market liquidity negatively.
