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.
- 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.
- 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.
- GLAXOSMITH down 1.69% to close at N5.8.
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.