The Nigerian stock market ended the last trading session in the month of August on a relatively bullish note. The All Share Index gained 0.07% to close at 25,327.13 points as against +0.02% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -5.64%. Nigerian Stock Exchange market capitalization stood at N13.212 trillion.
Nigerian Stock exchange trading volume ticked upward as its turnover moved up by +120.36% as against -45.46% plunge recorded in the previous session. UACN, ZENITH BANK, and UBA were the most active to boost market turnover.
BUACEMENT leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
Market breadth closed negative as MOBIL led 11 gainers as against 17 losers topped by CILEASING at the end of today’s session – an unimproved performance when compared with the previous outlook.
Top gainers
- MOBIL up 10.00% to close at 17.5
- VITAFOAM up 4.39% to close at N5.71
- WAPCO up 3.46% to close at N11.95
- DANGCEM up 0.52% to close at N134.9
- BUACEMENT up 0.25% to close at N40.1
Top losers
- CILEASING down 10.00% to close at N3.6
- REDSTAREX down 5.19% to close at N3.65
- ACCESS down 3.13% to close at N6.2
- GUINNESS down 2.47% to close at N13.8
- UBN down 1.85% to close at N5.3
Outlook
Nigerian bourse finished the last trading session in the month of August on a relatively bullish note.
Crude oil prices steady bullish trend, helped energy stocks like MOBIL rally upward, coupled with decent gains recorded from blue-chip stocks like DANGCEM and BUACEMENT. Nairametrics envisage cautious buying as Nigeria’s bourse market liquidity remains a growing concern among investors.