Airtel, WAPCO, MRS rally up, investors gain N46 billion

Nigerian Stocks ended the first trading session on a bullish note.

The All Share Index gained 0.21% to close at 41,088.96 index points. Year-to-date return and market capitalization settled at 2.03%, and N21.49 trillion respectively. Investors gain N45.49 billion.

• A total volume of 333 million units of shares, valued at N2.64billion exchanged hands in 5,640 deals. TRANSCORP (-5.26%) finished the most traded shares by volume at 48.9million, while ZENITHBANK (0.00%) topped by value at N418 million.
• Market breadth was however inverse of the broad index with 30 losers against 19 gainers. MRS (+9.82%) led the gainer’s chart today, while CILEASING (-10.00%) was the top loser.
• Performance across sectors was mixed; like Oil & Gas (-0.80%), Consumer Goods (-0.72%) and Insurance (-0.58%) closed in red, while the Industrial and Banking indexes improved by +0.54 and 0.49% respectively.

Top gainers

1. MRS up 9.82%  to close at N12.3
2. JBERGER up 3.17% to close at N19.5
3. WAPCO up 1.92% to close at N26.5
4. DANGCEM up 0.85% to close at N236
5. AIRTELAFRI up 0.38% to close at N855

Top losers

1. CILEASING down 10.00% to close at N5.13
2. ARDOVA down 9.78% to close at N18.45
3. INTBREW down 6.53% to close at N6.16
4. NASCON down 5.81% to close at N16.2
5. UNILEVER down 2.22% to close at N13.2

Outlook

Nigerian Bourse recorded an impressive winning streak this week as some NSE30 stocks including, AIRTELAFRI, DANGCEM, WAPCO triggered the upward run on Monday’s trading session.

• The Nigerian Stock market advance to close in positive territory as buying interest was seen on stocks across the board.
• Nairametrics however, envisages cautious buying, amid improved market conditions in Nigeria’s financial market.