Nigerian Stock Exchange continued its bullish run for the fourth consecutive trading session this week.
Nigerian All Share Index gained 0.20% to close at 25,511.02 basis points as against 0.18% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -4.96%.
Nigerian Stock Market capitalization now stands at N13.308 trillion. Investors gained N26.6 billion.
Nigerian bourse trading turnover closed upward, as trading turnover moved up by 28.18% as against -83.11% plunge recorded on Wednesday’s trading session. TRANSCORP, ZENITHBANK, and LASACO were the most active to boost market turnover.
Market breadth closed positive as VITAFOAM led 19 Gainers as against 6 Losers topped by NEIMETH at the end of today’s session – an improved performance when compared with the previous outlook.
Top gainers
- VITAFOAM up 5.09% to close at N5.78
- FCMB up 4.76% to close at N2.2
- UACN up 4.20% to close at N6.2
- ZENITHBANK up 1.47% to close at N16.95
- MTNN up 0.51% to close at N118.6
Top losers
- NEIMETH down 6.50% to close at N1.87
- AIICO down 5.26% to close at N0.9
- STERLNBANK down 4.80% to close at N1.19
- TRANSCORP down 1.69% to close at N0.58
- FIDELITYBK down 0.55% to close at N1.8
Outlook
Nigerian bourse continued its bullish trend this week, as NSE30 stocks like MTN, ZENITH, kept the bulls roaring up at Nigeria’s Stock Market trading session. It should also be noted that the recent stability in Nigeria’s FX market provided the needed stability among traders’ bias in today’s trading session.
However, Nairametrics envisage cautious buying over growing COVID-19 caseloads in Nigeria’s major markets, that include the U.S.Europe, and a large part of Asia.
