Nigerian Stocks ended the second trading session of the week on a positive note. The All Share Index gained 0.30% to close at 35,147.62 basis points as against +0.45% appreciation recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +30.94%.
Nigerian Stock Exchange capitalization stands at N18.364 Trillion. Investors gained N55.17 billion.
- Nigerian Stocks trading turnover dipped lower at Tuesday’s trading session on the basis that volume dipped by 25.83% as against +118.38% uptick recorded in the previous session.
- ACCESS, FBNH, and MBENEFIT were the most active to boost market turnover.
- The Market breadth closed negative as CAVERTON led 15 Gainers as against 21 Losers topped by CORNERST at the end of today’s session – an unimproved performance when compared with the previous outlook.
- PRESTIGE leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
Top gainers
CAVERTON up 9.88% to close at N1.89
CUTIX up 9.80% to close atN1.68
GUARANTY up 5.42% to close at N35
ZENITHBANK up 1.67% to close at N24.4
SEPLAT up 0.40% to close at N402.3
Top losers
FCMB down 3.60% to close at N3.21
GUINNESS down 2.91% to close at N18.35
PZ down 2.00% to close at N4.9
FLOURMILL down 0.90% to close at N27.6
MTNN down 0.13% to close at N155
Outlook
Nigerian stocks recorded gains amid falling oil prices prevailing at the US trading session on Tuesday.
- Major gains by large capitalized stocks that include GTBank, Zenith Bank, Seplat added gains to the Nigerian Stock market capitalization.
- Nairametrics envisages cautious buying amid significant price volatility currently in play at the Nigerian Stock market.
