Nigerian bourse ended Thursday’s trading session on a bullish note.
The All Share Index (ASI) gained by 0.38% to close at 25,520.97 points, as against the 0.28% drop recorded on Wednesday. Its Year-to-Date (YTD) returns currently stands at 4.92%. The Nigerian Stock Exchange Capitalization presently stands N13.313 billion. Investors gained N50.12 billion.
Nigerian Stock Exchange turnover was negative as volume dipped by 12.29% as against the 11.40% surge recorded on Wednesday. ZENITHBANK, FIDELITYBK, and MBENEFIT were the most active to boost market turnover.
SEPLAT leads the list of active stocks that recorded an impressive volume spike at the end of today’s session; followed closely by FIDSON
Market breadth closed positive as ETERNA led 22 Gainers, as against 12 Losers topped by ABCTRANS at the end of today’s session – an improved performance when compared with the previous outlook.
Top gainers
- CILEASING up 8.45% to close at N3.85
- ACCESS up 3.85% to close at N6.75
- ZENITHBANK up 3.35% to close at N16.95
- GUARANTY up 1.85% to close at N24.75
- MTNN up 0.42% to close at N120
Top losers
- FCMB down 4.87% to close at N2.15
- FIDSON down 4.52% to close at N3.8
- CUSTODIAN down 3.03% to close atN4.8
- SEPLAT down 2.50% to close at N390
- AFRIPRUD down 1.83% to close at N4.3
Outlook
Against headwinds, NSE30 Stocks paused hat-trick of trading session losses, as investors piled funds into MTN, GTBank, Zenith Bank, and Access Bank amid falling crude oil prices, and surging COVID-19 caseloads in Nigeria’s vital international markets.
However, in spite of the recent bullish run, Nairametrics remain concerned about the relatively low amount of institutional investors taking part in the Nigerian trading session in recent days, as market liquidity remains relatively thin, compared to the pre- COVID-19 period.