Nigerian Stock market Year-to-Date (YTD) returns presently stands at +29.81%. Nigerian Stock Exchange market capitalization currently stands at N18.2 trillion. Investors gained N309.78 billion.
However, Nigerian Stocks trading turnover on Monday ended bearish as volume dipped by 73.86% as against the +43.71% surge recorded last Friday. ZENITH BANK, GUARANTY, and ACCESS were the most active to boost market turnover.
The market breadth closed positive as AIRTELAFRI led 26 Gainers as against 14 Losers topped by INTBREW at the end of today’s session – an improved performance when compared with the previous outlook.
Nigerian Stocks against headwinds continued its bullish trend, amid crude oil prices trading above $50/barrel at the U.S trading session.
Buying pressure from Industrial Stocks and Telcom stocks, particularly Airtel Africa kept the bullish run in the play, amid significant sell-offs seen in some notable Nigerian stocks like Union Bank, International Breweries.
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.