Nigerian bourse closed flat on Wednesday trading session. The All Share Index closed at 28,344.33 points as against +0.02% appreciation recorded on Tuesday. Its Year-to-Date (YTD) returns currently stands at +5.60%.
- Nigerian bourse trading volume dropped lower, as volume dipped by 59.24% as against +45.14% uptick recorded in the previous session. ZENITHBANK, UBA, and GUARANTY were the most active to boost market turnover.
- COURTVILLE leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
- The Market breadth closed positive as ETERNA led 14 Gainers as against 11 Losers topped by ETRANZACT at the end of today’s session – an unimproved performance when compared with the previous outlook.
Top gainers
- ETERNA up 9.82% to close at N4.81
- AFRIPRUD up 5.75% to close at N5.7
- GUINNESS up 3.33% to close at N15.5
- GUARANTY up 1.52% to close at N30
- WAPCO up 2.06% to close at N17.35
Top losers
- ETRANZACT down 9.91% to close at N1.91
- STANBIC down 3.41%to close at N42.5
- FCMB down 3.83% to close at N2.26
- ARDOVA down 3.61% to close at N12
- CAVERTON down 2.78% to close at N1.75
Outlook
Nigerian bourse closed neutral mid-week amid rising crude oil prices and falling U.S dollar index across the global market spectrum.
- Ongoing protests participated in by a significant amount of Nigerian youths, weighed on the broad market sentiments.
- That said, buying pressures from notable blue chips stocks as WAPCO and GTBank got neutralized by selling pressures seen in Stanbic IBTC and FCMB.
- Nairametrics envisages cautious buying on growing political unrest across Nigerian urban cities.
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