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
- 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
Top losers
- 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
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.