Nigerian bourse ended the last trading day for the week on a positive note. The All Share Index gained 0.16% to close at 25,572.57 points as against a 0.07% drop recorded on Thursday.
- Its Year-to-Date (YTD) returns currently stands at -4.73%. Nigerian Stock Exchange market capitalization presently stands at N13.365 trillion
- Nigerian Stock Exchange trading turnover however dipped at Friday’strading session as volume dropped by 16.31% as against the 9.15% gain recorded on Thursday. FBNH, FCMB, and ZENITHBANK were the most active to boost market turnover.
- Market breadth closed positive as CAVERTON led 20 Gainers as against 6 Losers topped by ABCTRANS at the end of today’s session – an improved performance when compared with the previous outlook.
Top gainers
- CAVERTON up 8.24% to close at N1.84
- NEIMETH up 8.33% to close at N1.95
- DANGSUGAR up 7.14% to close atN12
- CUSTODIAN up 6.59% to close at N4.85
- GUARANTY up 1.40% to close at N25.35
Top Losers
- ABCTRANS down 9.09% to close at N0.3
- CORNERST down 7.58% to close at N0.61
- LASACO down 7.41% to close at N0.25
- CUTIX down 2.86% to close at N1.7
- JAIZBANK down 1.67% to close at N0.59
Outlook
Investors halted the 3-day losing streak Nigerian bourse at Friday’s trading session amid falling crude oil prices recorded at U.S trading session.
- Nigerian bourse market liquidity for today’s trading session closed unimpressive, partly because institutional investors remained on the sidelines. Buying pressures from NSE30 Stocks like GTbank and Dangote Sugar, however, helped the All Share Index to finish Green.
- Nairametrics envisage cautious buying as growing concerns on the surge in COVID-19 caseloads globally, approached 30 million