Nigerian bourse closed today’s trading session on a negative note. The All Share Index dropped by -0.07% to close at 25,532.74 points as against -0.19% drop recorded on Wednesday.
- Its Year-to-Date (YTD) returns currently stands at -4.88%. Nigerian Stock Exchange Market capitalization presently stands at N13.344 trillion
- Nigerian bourse trading turnover printed market as at today’s trading volume gained by +9.15% as against the 13.59% plunge recorded in Wednesday’s trading session.
- FBNH, ACCESS, and ZENITHBANK were the most active to boost market turnover.
- Market breadth closed positive as INTBREW led 17 Gainers, as against 11 Losers topped by CAVERTON at the end of today’s session, an improved performance when compared with the previous outlook
READ: Sells-Offs in GTBank, Zenith Bank stocks intensify, investors lose N42.8 billion
Top gainers
INTBREW up 10.00% to close at N3.3
NPFMCRFBK up 8.33% to close at N1.3
CADBURY up 4.23% to close at N7.4
FLOURMILL up 1.54% to close at N19.8
GUARANTY up 0.20% to close at N25
READ: Top NSE30 Stocks you should consider buying
Top losers
CAVERTON down 8.60% to close at N1.7
DANGSUGAR down 5.88% to close at N11.2
CUSTODIAN down 5.21% to close at N4.55
ETI down 2.47% to close at N3.95
FBNH down 1.01% to close at N4.9
READ: GTBank, Zenith Bank, MTN record gains, investors up by N50 billion
Outlook
Nigerian bourse ended Thursday’s trading session on a bearish note. It should be noted that its the third consecutive trading session of losses recorded at Nigeria’s Stock Market.
- Falling oil prices and higher inflation(13.22%) continue to suppress the urge for foreign investors to take large junk in Nigeria’s stocks
- NSE30 stocks like Dangote Suger, Ecobank, and FBN Holdings neutralized the gains recorded by GTBank, Flour Mill, and Cadbury.
Nairametrics expects you to invest on the longer horizon, amid strong fundamentals from many NSE30 stocks showing they are greatly undervalued.