Nigerian Stock market ended Monday’s trading session on a bullish note.
The All Share Index (ASI) gained 0.03% to close at 25,229.12 basis points as against +0.07% gain recorded previously. Its Year-to-Date (YTD) returns currently stands at -6.01%.
Trading volume turnover ticked positive as trading volume moved up by +58.36% as against -11.66% downtick recorded in the previous session. TRANSCORP, ZENITHBANK, and GUARANTY were the most active to boost market turnover.
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Market breadth closed flat as UPL led 15 gainers as against 15 losers topped by TRANSCORP at the end of today’s session – an unimproved performance when compared with the previous outlook.
Top gainers
- UPL up 9.68% to close at N1.36
- UNILEVER up 7.53% to close at N15
- INTBREW up 4.17% to close at N3.75
- PZ up 3.90% to close at N4
- GUINNESS up 1.32% to close at N15.4
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Top losers
- PRESCO down 3.92% to close at N49
- UCAP down 3.43% to close at N3.1
- WAPCO down 1.71% to close at N11.5
- UBA down 1.52% to close at N6.5
- NASCON down 0.99% to close at N10
Outlook
Nigerian bourse started the first trading week on a bullish note as the major headline at today’s trading floor was Nigeria’s Gross Domestic Product (GDP) in real terms dropping by 6.10% (year-on-year) in Q2 2020 coupled with Crude oil prices rallying up.
Nairametrics envisage cautious buying as market liquidity remain a significant concern
