Nigerian Stocks started the last trading day of November on a bullish note.
The All Share Index gained 0.45% to close at 35,042.14 basis points as against the 0.24% surge recorded last week Friday. Its Year-to-Date (YTD) returns currently stands at +30.55%.
Investors gained N81.84 billion. The Nigerian Stock Exchange market capitalization stands N18.31 trillion.
Nigerian bourse trading turnover printed positive as Monday trading volume surged by +118.38% as against -26.12% downtick recorded last Friday. MULTIVERSE, ZENITHBANK, and TRANSCORP were the most active to boost market turnover.
The Market breadth closed surprisingly negative amid the bullish trend in play, as AIRTELAFRI led 17 Gainers as against 29 Losers topped by NNFM at the end of today’s session – an unimproved performance when compared with the previous outlook.
MBENEFIT leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
Top gainers
- AIRTELAFRI up 10.00% to close at N588.5
- AIICO up 10.00% to close at N1.1
- FCMB up 2.46% to close at N3.33
- UBN up 1.82% to close at N5.6
- MTNN up 0.13% to close at N155
Top losers
- NNFM down 10.00% to close at N6.93
- FIDSON down 9.87% to close at N4.93
- UNILEVER down 5.82% to close at N12.95
- GUARANTY down 5.14% to close at N33.2
- BUACEMENT down 1.79% to close at N55
Outlook
Nigerian Stocks against headwinds continued its bullish trend, amid crude oil prices dropping below $48/ barrel at the U.S trading session.
- Buying pressure from Telcom stocks, particularly Airtel Africa kept the bullish run in the play, amid significant sell-offs seen in some notable NSE30 stocks like GTBank, Unilever, FCMB.
- Nairametrics envisage you seek the advice of a certified stockbroker or financial advisor in choosing stocks to buy, as some Nigerian stocks exhibit cyclic returns.
