Connect with us
iubh
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
british airways
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
app

Stock Market

Industrial Stocks fade off gains from GTBank, First Bank

Market breadth closed positive as TRANSCORP led 18 Gainers as against 17 Losers topped byAFRIPRUD at the end of today’s session.

Published

on

market's, Bears clawing down on the naira, hits N425 to $1

Nigerian stocks ended the fourth trading session of the week on a slightly bearish note. The All Share Index dropped by 0.01% to close at 30,738.92 points as against +0.03% appreciation recorded on Wednesday.

  • Its Year-to-Date (YTD) returns currently stands at +14.52%. Nigerian Stock Exchange capitalization presently stands at N16.06 Trillion. Investors were down by N6.27 Billion.
  • The Nigerian bourse trading turnover printed positive as volume gained by 50.16% as against a plunge of 14.77% downtick recorded on Wednesday trading session.
  • FBNH, BUACEMENT, and ACCESS were the most active to boost market turnover.
  • Market breadth closed positive as TRANSCORP led 18 Gainers as against 17 Losers topped by AFRIPRUD at the end of today’s session – an improved performance when compared with the previous outlook.
  • BUACEMENT leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.

READ: Nigerian stocks record gains, investors gain N132.8 billion

Top Gainers

  1. AFRIPRUD up 9.35% to close at N6.2.
  2. UNILEVER up 2.92% to close at N14.1.
  3. FBNH up 2.38% to close at N6.45.
  4. NASCON up 0.72% to close at N14.05.
  5. GUARANTY up 0.62% to close at N32.3.

READ: U.S dollar up, U.S GDP expands at record 33.1%

Top Losers

  1. FIDSON down 6.82% to close at N4.1.
  2. INTBREW down 5.80% to close at N6.5.
  3. UBN down 3.64% to close at N5.3.
  4. FLOURMILL down 2.82% to close at N27.6.
  5. GLAXOSMITH  down 1.69% to close at N5.8.

READ: Nigerian Stock market records sixth consecutive losses, investors lose N15.55 billion

Outlook

Nigerian Stocks cumulatively halted their bullish run amid falling oil prices and strong bias that Nigeria’s major export earning product,(crude oil) might suffer under a Joe Biden Presidency.

Hotflex
  • Selling pressure from some leading Industrial brands neutralized gains recorded in a few blue-chip banks that include First bank and GTBank amid an impressive trading volume turnover seen across the market spectrum.
  • Nairametrics envisages cautious buying as some bellwether stocks experience significant selling pressures amid profit-taking presently prevailing.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Markets

Bears take hold of the NSE Banking index

The NSE Banking Index finished red with a loss of -0.52%.

Published

on

Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE, Bourse bows to bears as ASI dip 0.55% on Friday, NSE: Bears dominant reign continues as ASI shed 4.91% on Tuesday, Bearish trend persists at Nigerian Stock Exchange, as investors lose N456 billion, Bears return, Nigeria’s local bourse drops 0.12%, Bears return Nigeria's ASI index down 3.12% Investors lose N370 billion, Bulls lift Nigerian bourse up 0.10%, as trading volume picks up,  BUACEMENT, CADBURY, WAPCO Bring the Bears to Party, Investors Lose N198.05 Billion

The NSE Banking Index traded bearish at the end of the trading session today. 6 banks posted Gains and 4 Losses were recorded. The NSE Banking Index finished red with a loss of -0.52% adding to the -0.97% held in the previous trading session. The index dropped to 343.03 index points at the close of trading activities today.

Sterling Bank posted a substantial loss of -9.76% adding to the -0.61% held at the previous trading session pushing the price downwards from N1.70 to N1.49 and leading the top losers in the NSE Banking index.

Zenith Bank also saw another loss of -1.38% adding to the -0.91% held in the previous session pushing the price from N22.00 to N21.80.

Jaiz Bank lost some profit from the +6.67% held in the previous trading session by posting a loss of -1.56% settling the price at N0.63.

Fidelity Bank broke the stalemate held at the previous trading session to post a loss of -2.83% settling the price at N2.39 from N2.47.

Union Bank posted profits of +2.20% to settle the price at N4.65.

UBA also made gains of +2.21% pushing the price downwards to N6.95 from N6.80.

Wema Bank recovered from the decline in the previous session to post gains of (+1.79%) pushing the price to N0.58 from N0.55.

GT Bank also posted a profit of +1.39% moving price from 28.75 to N29.15.

Access Bank made a decisive move from its stalemate position with gains of +0.66% settling the price at N7.60.

british airways

Ecobank made profits of (+1.04%) settling the price at N4.90.

Outlook

  • Market sentiment trends towards recovery as 6 companies in the NSE Banking Index made gains as opposed to 4 losses at the end of the trading session today.
  • Nairametrics advises cautious participation in the market amid growing uncertainties in Nigeria.

Stanbic 728 x 90
Continue Reading

Markets

Nigerian stocks make recovery as JAPAULGOLD drops

The All-Share Index increased by +0.61% to close at 38,808.01 from 38,571.89 index points.

Published

on

The Nigerian Stock Exchange market made a recovery at the end of the trading session. The All-Share Index increased by +0.61% to close at 38,808.01 from 38,571.89 index points. CHAMS made the top position on the Gainers list.

  • Nigerian Stock Exchange market value currently stands at NGN 20.32 trillion. Its Year-to-Date (YTD) returns currently stands at -3.63%.
  • The market closed in loss as it saw more downturns, CHAMS led 21 Gainers, and JAPAULGOLD topped the 12 Losers chart with a noticeable bullish movement by the NSE ASI.

Top gainers

  • CHAMS up +10.00% to close at N0.22
  • UAC-POP up +9.72% to close at N0.76
  • GUINNESS up +9.26% to close at N31.85
  • NNFM up +9.18% to close at N5.35
  • PZ up +8.33% to close at N4.50

Top losers

  • JAPAULGOLD down -10.00% to close at N0.63
  • STERLNBANK down -9.78% to close at N1.48
  • FCMB down -8.90% to close at N2.66
  • MBENEFIT down -8.11% to close at N0.34
  • ACCESS down -6.17% to close at N7.60

Outlook

The NSE ASI saw a bullish recovery from the previous day loss. Predictions of the dominance of consumer goods were affirmed with the presence of GUINNESS and PZ in the top 5 Gainers list.

However, the following stocks remain on our watchlist: Zenith Bank Plc, Guaranty, Access bank, STANBIC, JAPAULGOLD, GUINNESS and Flour Mills.

  • Nairametrics, however, advises cautious participation in the stock market in this era of growing uncertainties.

Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.