Nigerian bourse sustains the bulls today as the All-Share Index advanced further by 0.83% to close the day’s trading at 41,930.73 index points.
Consequently, the Nigerian Stock Exchange Year-to-Date Return stood at 4.08% to print market capitalization at N21.934 trillion.
- Activity level was impressive as volume and value of trades increased. A total of 543 million units of shares valued at N7.321 billion exchanged hands in 6,770 deals.
- Transnational Corporations continued to trend as the most traded stock with regards to volume with 57.2 million shares, while ZENITHBANK topped by value at N1.24 billion.
- With 35 gainers to 21 losers, sectoral indices were mostly positive.
Top gainers
- WAPCO up 7.27% to close at N29.5
- JBERGER up 5.64% to close at N20.6
- DANGSUGAR up 2.49% to close at N20.6
- MTNN up 2.40% to close at N175
- AIRTELAFRI up 1.09% to close at N930
Top losers
- SKYAVN down 10.00% to close at N2.88
- CAVERTON down 9.41% to close at N1.83
- ARDOVA down 2.44% to close at N18
- UBN down 3.39% to close at N5.7
- ETI down 2.29% to close at N6.4
Outlook
Nigerian Stocks kept the bullish run ongoing amid significant buying pressure sighted in leading telecom stocks that include MTN Nigeria and Airtel Africa.
- The NSE Insurance Index led the gainers’ chart with 1.54%. The Industrial, Consumer Goods, and Banking Indexes trailed by +0.52%, +0.21%, and +0.13% respectively. Conversely, the Oil & Gas indices closed as the lone loser, down by -0.12%
- Nairametrics however, envisages cautious buying, amid improved market conditions in Nigeria’s financial market.
