Nigerian bourse continued its bullish run to the first trading session of this week. The All Share Index gained 0.72% to close at 26,507.84 points as against +1.28% appreciation recorded on Friday.
- Its Year-to-Date (YTD) returns currently stands at -1.25%. Nigerian Stock Exchange market capitalization presently stands at N13.853 Trillion. Investors’ gain stood at N98.51 billion.
- Nigerian bourse trading turner on Tuesday printed positive with volume gaining 0.32% as against -6.56% plunge recorded on Friday ZENITH BANK, STERLING BANK and UBA were the most active to boost market turnover.
- Market breadth closed positive as TOTAL led 22 Gainers as against 7 Losers topped by UAC-PROP at the end of today’s session – an improved performance when compared with the previous outlook.
Top gainers
- TOTAL up 10.00% to close at N88
- WAPCO up 6.31% to close at N16
- BUA CEMENT up 4.80% to close at N40.4
- OKOMU OIL up2.56% to close at N80
- MTNN up 2.02% to close at N126.5
Top losers
- UAC-PROP down 10.00% to close at N0.9
- UPL down 6.34% to close at N1.33
- CAVERTON down 5.98% to close at N1.73
- MAYBAKER down 5.54% to close at N2.9
- SEPLAT down 0.50% to close at N398
Outlook
Nigerian bourse began its first trading session on an impressive note amidst strong gains recorded across global markets notable at the Dow 30, S&p 500 Index, and Tech dominated Index, the Nasdaq.
- The rally was partly attributed to Nigeria’s major export earning product (Crude oil) surging higher at the U.S trading session on Monday, and significant buying pressures in NSE30 stocks like MTN Nigeria, Total, Okomu oil, and BUA Cement.
- Nairametrics recommends you seek the advice of a certified stockbroker when buying stocks, despite the bullish run ongoing at West Africa’s largest equity market.
Follow us for Breaking News and Market Intelligence.
