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Home Spotlight

GTBank, Mobil, Cadbury tick up, amid sell-offs in First Bank, UBA

Olumide AdesinabyOlumide Adesina
2 years ago
in Spotlight, Stock Market
NGX closes positive with market capitalisation up by N533 billion
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Nigerian Stocks ended Thursday’s trading session on a slightly bullish note. The All Share Index gained +0.10% to close at 34,803 points, as against the 1.25% gain seen on Wednesday. Its Year-to-Date (YTD) returns currently stands at +29.66%.

Nigerian Stock Exchange trading turnover ended on a bearish note, taking to account that volume dipped by 40.78% as against the +19.02% gain recorded in the previous session.

  • ZENITHBANK, TRANSCORP, and ACCESS were the most active to boost market turnover.
  • The sectorial performance also improved slightly as the Oil & Gas, Insurance, Consumer Goods and banking Indexes advanced by +2.77%, +0.97%, +0.61%, and +0.02 respectively, while the industrial index fell by -0.03%.
  • Sector performance
  • NSE Oil & Gas Index: Up by +2.77%, as a result of price appreciation in MOBIL (+9.89%) and OANDO (+9.23%).
  • NSE Insurance Index: Advanced by +0.97%, on gains in WAPIC (+7.32%), CHIPLC (+6.90%), and AIICO (+5.26%).
  • NSE Consumer Goods Index: Improved by +0.61%, due to renewed buy interest in INTBREW (+9.62%), CADBURY (+9.09%) and GUINNESS (+7.22%).
  • NSE Banking Index: Flat at 0.02%, saved by GUARANTY (+2.61%).
  • NSE Industrial Index: Slipped by -0.03% due to UNIONDAC (-7.41%).

The market breadth closed flat as NCR led 21 Gainers as against 21 Losers topped by AFRIPRUD at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

  1. INTBREW up 9.62% to close at N7.18
  2. MOBIL up 9.89% to close at N208.8
  3. CADBURY up 9.09% to close at N9.6
  4. GUINNESS up 7.22% to close at N19.3
  5. GUARANTY up 2.61% to close at N35.4

Top losers

  1. AFRIPRUD down 5.76% to close at N5.89
  2. UBN down 5.17% to close at N5.5
  3. DANGSUGAR down 3.15% to close at N20
  4. UBA down 2.94% to close at N8.25
  5. FBNH down 2.68% to close at N7.25

Outlook

Nigerian bourse ended the fourth trading session on a slightly positive note amid falling oil prices prevailing at the U.S trading session.

  • Top gains from GTBank, Mobil, Cadbury, and Guinness, neutralized the losses that came from First Bank, UBA, and Union Bank.
  • Nairametrics envisage cautious buying on prevailing market conditions seen in Nigeria’s key international markets, particularly Europe.

Related

Tags: All Share IndexCadburyFeaturedGTBankGuinnessMobilNigerian Stocks

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