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
- AFRIPRUD up 9.35% to close at N6.2.
- UNILEVER up 2.92% to close at N14.1.
- FBNH up 2.38% to close at N6.45.
- NASCON up 0.72% to close at N14.05.
- GUARANTY up 0.62% to close at N32.3.
READ: U.S dollar up, U.S GDP expands at record 33.1%
Top Losers
- FIDSON down 6.82% to close at N4.1.
- INTBREW down 5.80% to close at N6.5.
- UBN down 3.64% to close at N5.3.
- FLOURMILL down 2.82% to close at N27.6.
- GLAXOSMITHÂ 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.
- 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.
