Nigerian bourse ended Tuesday’s trading session on a positive note. The All Share index gained 0.64% to close at 34,340.56 points as against the 0.04% drop recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +27.94%.
- Nigerian Stocks trading turnover cumulatively tanked lower, as trading volume dipped by 35.67% as against +64.69% uptick recorded on Monday. ZENITH BANK, TRANSCORP and GUARANTY were the most active to boost market turnover.
- The market breadth closed positive as STANBIC led 25 Gainers as against 16 Losers topped by ETERNA at the end of today’s session – an improved performance when compared with the previous outlook.
- CILEASING leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
- STANBIC up 7.08% to close at N42.35
- UBA up 6.49% to close at N8.2
- ACCESS up 5.70% to close at N8.35
- FBNH up 6.72% to close at N7.15
- UPDCREIT up 9.64% to close at N4.55
- ETERNA down 9.98% to close at N4.15
- FIDSON down 9.81% to close at N4.87
- JBERGER down 8.95% to close at N17.3
- UACN down 3.77% to close at N7.65
- GUINNESS down 2.78% to close at N17.5
Nigerian Stocks soared higher at the second trading session of the week, coupled with Africa’s largest exporting earning product, crude oil reaching its highest level since March.
- Significant buying pressure from Nigerian tier-1 banks which include First Bank, UBA, Stanbic, rallied Nigerian Stocks north, on the bias showing Nigeria’s apex bank in its just-concluded monetary policy meeting retained the monetary policy rate and cash reserve ratio.
- Nairametrics envisages cautious buying amid reports that still show COVID-19 pandemic will remain on the major headlines, at least in the near term.