Nigerian Stocks suffered its first loss in 2020. The All Share index plunged by 1.83% to close at 40,396.14 index points as against the 2.18% gain recorded yesterday. Its Year-to-Date (YTD) returns currently stands at 0.31%.
Tuesday’s trading session turnover at the Nigerian Stock market however ended bullish as volume surged up by 119.73% as against a 70.18% drop recorded on Monday’s trading session. TRANSCORP, ZENITHBANK, and FCMB were the most active to boost market turnover.
LEARNAFRCA leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
The market breadth closed negative as BOCGAS led 15 Gainers as against 34 Losers topped by BUACEMENT at the end of today’s session – an unchanged performance when compared with the previous outlook.
BOCGAS up 9.72% to close at N10.5
ETERNA up 6.48% to close at N5.75
AFRIPRUD up 5.47% to close at N6.75
VITAFOAM up 2.34% to close at N8.75
SEPLAT up 1.91% to close at N410
BUACEMENT down 5.88% to close at N80
ZENITHBANK down 4.28% to close at N24.6
GUARANTY down 2.84% to close at N32.55
MTNN down 2.77% to close at N165.2
OKOMUOIL down 1.10% to close at N90
Nigerian bourse ended the last trading session on a negative note. NSE30 stocks like MTN Nigeria, GTBank, Zenith Bank dragged the Sub-Saharan based index lower as profit-taking was notable among blue-chip stocks.
Nairametrics however envisages cautious buying, as institutional investors reduce their long positions amid growing COVID-19 caseloads in Nigeria’s key international markets, particularly Europe, which contributes to about 40% of Nigeria’s crude oil shipment.