The Nigerian equities market witnessed another green day, as investors take positions in blue-chip stocks.
The All-Share Index and market capitalization added 0.50% to settle at 25,783.02 points and N13.474 trillion respectively, reducing the YTD loss to 3.92%.
- A total volume of 414 million units of shares, valued at N6.28billion exchanged hands in 3,793 deals.
STERLNBANK was the most traded shares by volume at 85.2million units while MTNN topped by value at N3.12billion. - Investor sentiment as measured by market breadth was positive as 21 stocks advanced against 14 decliners. SEPLAT (+3.90%) led the gainer’s chart today, while ETERNA (-6.72%) was the top loser.
- NSE Oil & Gas Index: Improved by 2.02%, on SEPLAT (+3.90%).
- NSE Consumer Goods Index: Gained by 1.35%, on price appreciation in INTBREW (9.09%) and NB (3.57%)
- NSE Insurance Index: Up by 1.09%, on price appreciation in PRESTIGE (+9.09), CORNERST (8.33%), and LASACO (3.85%)
- NSE Banking Index: Up by 0.65%, buoyed by FCMB (+1.94%), ZENITHBANK (+1.80%) and FIDELITYBK (+1.69%).
- NSE Industrial Index: inched by 0.09%, on WAPCO (+1.54%)
Top gainers
- SEPLAT N385 N400 15 3.90%
- NB N42 N43.5 1.5 3.57%
- MTNN N123 N123.9 0.9 0.73%
- MOBIL N192.5 N193.1 0.6 0.31%
- FLOURMILL N19.65 N20 0.35 1.78%
Top losers
- ETERNA N2.68 N2.5 -0.18 -6.72%
- BOCGAS N4.36 N4.25 -0.11 -2.52%
- AFRIPRUD N4.45 N4.35 -0.1 -2.25%
- NPFMCRFBK N1.3 N1.22 -0.08 -6.15%
- CUSTODIAN N4.85 N4.8 -0.05 -1.03%
Outlook
Nigerian bourse closed Wednesday’s trading session amid rising cases of the COVID-19 virus globally.
- Buying pressures from NSE30 stocks like Seplat, MTN Nigeria, Mobil, Nigerian Breweries, Flourmill triggered the bourse to closed green.
- Nairametrics however envisage you seek the advice of a certified stockbroker in selecting stocks to buy.