Nigerian Stocks ended Wednesday’s trading session bullish. The All Share Index gained 1.68% to close at 34,818.01 index point. Market capitalization rose to N18.19 trillion from N17.89 trillion. Consequently, the average year-to-date return improved to 29.25%.
- A total volume of 661.1 million units of shares, valued at N8.29 billion exchanged hands in 7,324 deals, as TRANSCORP (-4.55%) finished the most traded shares by volume at 172.1million units, while GUARANTY (0.00%) and ZENITH (+3.09%), topped by value at N2.62 and N1.53 billion respectively.
- STERLNBANK (+10.00%) led the gainer’s chart for the day, while CORNERST (-8.62%) finished top loser.
- With 38 gainers to 8 losers, sectoral indices closed mostly positive. The NSE Consumer Goods Index led the gainers with 2.98%. The NSE Industrial and Banking Indexes trailed appreciating by 2.81 and 2.53% respectively. Conversely, the NSE Insurance & Energy Indexes fell marginally by -0.36 and -0.15% respectively.
- NSE Consumer Goods Index: Advanced by 2.98%, INTBREW (7.80%), DANGSUGAR (+5.95%) and CADBURY (+4.92%)
- NSE Industrial Index: Up by +2.81%, on WAPCO (+9.55%) and DANGCEM (+4.22%) upturn.
- NSE Banking Index: Improved by +2.53%, on price appreciation in STERLNBNK (+10.00%), ETI (+8.59%), FIDELITYBK (+6.74%), and ACCESS (+4.17%).
- NSE Insurance Index: Down by -0.36%, on price decline in CORNERSTONE (-8.62%).
- NSE Oil & Gas Index: Fell by -0.15%, on price depreciation in ARDOVA.
- WAPCO up 9.55% to close at N24.1
- NB up 7.41% to close at N58
- DANGSUGAR up 5.95% to close at N22.25
- DANGCEM up 4.22% to close at N195
- ZENITHBANK up 3.09% to close at N26.7
- CORNERST down 8.62% to close at N0.53
- UNITYBNK down 6.98% to close at N0.8
- ARDOVA down 6.25% to close at N15
- TRANSCORP down 4.55% to close at N1.05
- STANBIC down 2.50% to close at N44.85
Nigerian Stocks suspended its bearish run as the market closed in green today, amid buying pressure seen in Nigerian blue-chip stocks, like Dangote, Zenith Bank, Nigerian Breweries, and WAPCO.
- Significant buying interest in INTBREW pushed its value by 7.80%, as notable gains were also recorded in medium capitalized stocks.
- Nairametrics envisage cautious buying, amid growing uncertainty in Nigeria’s international market, especially the COVID-19 cases prevailing in Europe might dent Nigeria’s oil exports earnings.