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%.
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.
INTBREW up 9.62% to close at N7.18
MOBIL up 9.89% to close at N208.8
CADBURY up 9.09% to close at N9.6
GUINNESS up 7.22% to close at N19.3
GUARANTY up 2.61% to close at N35.4
AFRIPRUD down 5.76% to close at N5.89
UBN down 5.17% to close at N5.5
DANGSUGAR down 3.15% to close at N20
UBA down 2.94% to close at N8.25
FBNH down 2.68% to close at N7.25
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.