Nigerian bourse continued its bullish momentum on Friday as investors maintained buying pressures on major bellwether stocks.
The All Share Index (ASI) gained by 1.28% to close the week at 13,754.87 points. Investors gained N173.62 billion to close market capitalization at N13.754 trillion, thus reducing the YTD loss to -2.64%.
- A total volume of 335 million units of shares, valued at N4.27billion exchanged hands in 4,231 deals
- STERLNBANK was the most traded shares by volume at 79.5million units while ZENITHBK topped by value at N878.6million.
- Investor sentiment as measured by market breadth was positive as 22 stocks advanced against 17 decliners. NB (+9.82%) led the gainer’s chart to close the week, while NNFM (-10.00%) finished the top loser.
- Sector Performance was broadly bullish as four indexes closed in green.
- NSE Consumer Goods Index: Up by 2.45%, on price appreciation in NB (9.82%), PRESCO (+7.07%), and FLOURMILL (6.70%)
- NSE Banking Index: Improved by 2.01%, buoyed by GUARANTY (+3.85%), STANBIC (+3.58%), and ACCESSBK (+2.29%).
- NSE Industrial Index: Gained 1.58%, on WAPCO (+6.74%) and DANGCEM (+2.28%).
- NSE Insurance Index: Appreciated by 0.44%, saved by CORNERST (+9.23%).
- NSE Oil & Gas Index: Down by -0.51%, on OANDO (-9.78%).
- NB up 9.82% to close at N52.55
- PRESCO up 7.07% to close at N53
- FLOURMILL up 6.70% to close at N21.5
- STANBIC up 3.58% to close at N40.5
- DANGCEM up 2.28% to close at N139
- NNFM down 10.00% to close at N4.05
- OANDO down 9.78% to close at N2.03
- CADBURY down 5.41% to close at N7
- UACN down 3.17% to close at N6.1
- DANGSUGAR down 1.60% to close at N12.3
Nigerian bourse continued its bullish run at the last trading session for the week amid falling prices, a strong dollar, and rising COVID-19 caseloads.
- Buying pressures in NSE30 Stocks that include Nigerian Breweries, Dangote Cement, Stanbic, and Flourmills kept Investors smiling to the bank
- Nairametrics envisage cautious buying in spite of high buying pressures lately, as market liquidity remains a growing concern.