Nigerian bourse finished today’s trading session on a slightly bearish note. The All Share Index dropped by 0.03% to close at 25,597.96 points as against +0.05% gain recorded on Monday. Its Year-to-Date (YTD) returns currently stands at -4.64%.
- Nigerian Stock Exchange capitalization presently stands at N13.354 Trillion. Investors’ losses at the end of Tuesday trading session stood at N3.98 Billion.
- Nigerian bourse trading turnover printed negative as volume dipped by 4.63% as against +20.82% gains recorded on Monday.
GUARANTY and ZENITH BANK were the most active to boost market turnover. GUARANTY and STANBIC topped market value list.
Market breadth closed negative as IKEJAHOTEL led 13 Gainers as against 15 Losers topped by NPFMCRFBK at the end of today’s session – an unimproved performance when compared with the previous outlook.
Top gainers
IKEJAHOTEL up 9.52% to close at N0.92
UAC-PROP up 9.20% to close at N0.95
WAPCO up 3.45% to close at N13.5
CAP up 1.19% to close at N17
GUARANTY up 0.20% to close at N25.15
(READ MORE:Zenith Bank, Unilever, Okomu Oil record losses as investors lose N39.2 billion)
Top Losers
NPFMCRFBK down 9.42% to close at N1.25
REDSTAREX down 6.13% to close at N3.52
OANDO down 5.46% to close at N2.25
SEPLAT down 1.28% to close at N385
DANGSUGAR down 1.24%to close at N11.9
Outlook
Amid rising crude oil prices recorded at U.S trading session, Nigerian bourse ended slightly bearish.
- Reports from the National Bureau of Statistics showed inflation increased by 13.22 % (year-on-year) in August 2020 thereby unsettling the nerves of some investors.
- Nairametrics envisage cautious buying, as surge in COVID-19 caseloads globally continued to raise concerns among local investors.
