Nigerian Stocks ended the last trading session of the week on a bearish note.
The All Share index dropped by -1.16% to settle at 40,120.22 index points due to price gain in DANGCEM. Consequently, the Nigerian Stock market year to date return and market capitalization settled at -0.37%, and N20.97 trillion, respectively.
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- A total volume of 333.3 billion units of shares, valued at N3.64billion exchanged hands in 5,142 deals. ACCESS was the most traded shares by volume with 35.1 million units, while GUARANTY and ZENITHBANK topped by value at N821 million and N606 million respectively.
- Market sentiment was, however, positive as market breadth came in at 3.54x with 39 advancers and 11 decliners. SEPLAT, TOTAL, and BOC (+10.00%) led the gainer’s chart today, while DANGCEM (-8.13%) was the top loser.
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Top gainers
- SEPLAT up 10.00% to close at N496.1
- TOTAL up 10.00% to close at N143
- BOCGAS up 10.00% to close at N12.65
- ARDOVA up 9.73% to close at N16.35
- OKOMUOIL up 2.78% to close at N92.5
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Top Losers
- DANGCEM down 8.13% to close at N225
- UPL down 2.34% to close at N1.25
- REDSTAREX down 0.87% to close at N3.4
- VITAFOAM down 0.56% to close at N8.95
- WAPCO down 0.45% to close at N22.3
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Outlook
Nigerian Stocks ended the last trading session of the week on a negative note amid soaring oil prices prevailing at the U.S trading session.
- Buying pressure from blue-chip stocks, particularly energy stocks, couldn’t aid Nigerian Stocks bulls amid significant sell-offs seen in some notable NSE30 stocks like Dangote Cement, WAPCO.
- Nairametrics expects you to seek the advice of a certified stockbroker or financial advisor in choosing stocks to buy, as some Nigerian stocks exhibit cyclic return.
