Nigerian Stocks started the second trading session on a bullish note. The All Share Index went up by 0.83% to close at 30,733.47 points, as against -0.17% depreciation recorded on Monday.
Its Year-to-Date (YTD) returns currently stands at +14.50%. Investors gained N132.80 billion at Tuesday trading session.
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- Nigerian bourse trading turnover however printed negative at 0.77%, as against -53.37% downtick recorded on Monday. ZENITHBANK, FBNH, and UBA were the most active to boost market turnover.
- SEPLAT leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
- Market breadth closed positive as WAPIC led 24 Gainers, as against 18 Losers topped by CUSTODIAN at the end of today’s session – an improved performance when compared with the previous outlook.
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Top Gainers
- CAP up 9.58% to close at N22.3
- OANDO up 7.00% to close at N2.7
- DANGCEM up 5.63% to close at N169
- VITAFOAM up 5.47% to close at N6.75
- DANGSUGAR up 1.65% to close at N15.4
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Top Losers
- CUSTODIAN down 7.44% to close at N5.6
- GUINNESS down 2.65% to close at N16.55
- FLOURMILL down 1.56% to close at N28.4
- GUARANTY down 1.54% to close at N32
- STANBIC down 1.08% to close at N46
Outlook
Nigerian Stocks ended its Tuesday trading session on gains, amid a bullish trend seen in crude oil prices, and the U.S dollar losing value significantly.
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- Buying pressure was seen in Nigerian blue-chip stocks like Dangote Cement, CAP, and Dangote Sugar, which helped to rally Nigerian Stocks to its upside.
- Nairametrics expects you to seek advice on choosing stocks to buy, on the bias that the historical performance of many stocks can’t be a guarantee for future returns.
