Nigerian stocks ended Thursday’s trading session on a slightly bearish note. The All Share Index dropped by negative 0.10% to close at 42,000.01 index points as against 0.74% plunge recorded on Wednesday.
- Nigerian Stock Exchange market value currently stands at N21.97 trillion. Its Year-to-Date (YTD) returns currently stands at +4.29%. Investors lose N22.9 billion.
- Nigerian bourse also trading turnover ended negative as volume dipped by 9.21% as against -5.25% plunge recorded on Wednesday. UBN, GUARANTY, and FCMB were the most active to boost market turnover.
- The market breadth closed negative as NCR led 18 Gainers as against 26 Losers topped by LINKASSURE at the end of today’s session – an unimproved performance when compared with the previous outlook.
Top gainers
- NCR up 9.94% to close at N3.43
- ETERNA up 7.69% to close at N5.6
- ARDOVA up 4.96% to close at N18
- UNILEVER up 2.82% to close at N14.6
- ZENITHBANK up 2.47% to close at N26.95
Top losers
- CHAMPION down 9.84% to close at N3.39
- ETI down 4.84% to close at N5.9
- FLOURMILL down 3.03% to close at N32
- GUARANTY down 2.07% to close at N33.05
- WAPCO down 1.61% to close at N27.55
Outlook
Nigerian stocks ended the third trading session of the week on a slightly bearish note, amid soaring oil prices prevailing at the U.S trading session.
At the time of writing this report, Brent crude was trading around $58.84/barrel.
- Nairametrics envisages cautious buying, on the sentiments that recent price actions reveal Nigerian stocks bullish run is softening in the near term. However, stock traders anticipate more upsides are still in play for the long term at the world’s most outstanding stock market.
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