Nigerian Stock market ended the second trading session of the week on a negative note. The All Share index dropped in 0.74% to close at 42,043.79 index points as against the -0.13% plunge recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +4.40%.
- Nigerian bourse trading turnover at Tuesday’s trading session printed slightly negative as volume dipped by 5.25% as against 12.40% plunge recorded on MondayUBN, TRANSCORP and FBNH were the most active to boost market turnover.
- The market breadth closed negative as CHAMPION led 8 Gainers as against 49 Losers topped by BOCGAS at the end of today’s session – an unimproved performance when compared with the previous outlook.
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Top gainers
- CHAMPION up 9.94% to close at N3.76
- UNILEVER up 5.19% to close at N14.2
- ETRANZACT up 5.15% to close at N2.45
- CUSTODIAN up 0.83% to close at N6.05
- HONYFLOUR up 1.40% to close at N1.45
Top Losers
- BOCGAS down 9.99% to close at N13.61
- ARDOVA down 9.97% to close at N17.15
- WAPCO down 6.67% to close at N28
- ZENITHBANK down 3.13% to close at N26.3
- NB down 3.17% to close at N61
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Outlook
Nigerian Stocks ended Tuesday’s trading session on a bearish note, amid soaring oil prices prevailing at the U.S trading session.
- The equities market closed today with a tinge of bearishness as profit-taking transactions on large-cap stocks depressed the overall market position to a net capital loss of N164 billion.
- Nairametrics envisages cautious buying on the sentiments that recent price action shows further market correction in the near term. However, stock traders anticipate the bullish run is still in play for the long term.
