Nigerian stocks ended the last trading session of the week on a bearish note. The All Share Index dropped by 0.18% to close at 41,785.80 index points as against the 0.51% plunge recorded on Thursday. Its Year-to-Date (YTD) returns currently stands at +3.76%.
- Nigerian bourse trading turnover also ended negative as volume dipped by 23.39% as against the 24.68% surge recorded on Thursday. UBN, ZENITHBANK, and TRANSCORP were the most active to boost market turnover.
- The market breadth closed negative as NNFM led 13 Gainers as against 37 Losers topped by DANGSUGAR at the end of today’s session – an unimproved performance when compared with the previous outlook.
READ: Naira depreciates against dollar at I&E forex window, dollar supply up by 14.52%
Top gainers
- NNFM up 9.77% to close at N8.65
- GUARANTY up 9.09% to close at N36
- FTNCOCOA up 8.33% to close at N0.52
- JAIZBANK up 5.88% to close at N0.72
- LIVESTOCK up 3.91% to close at N2.39
Top losers
- DANGSUGAR down 4.76% to close at N20
- WAPCO down 3.62% to close at N26.65
- ZENITHBANK down 2.80% to close at N26
- TOTAL down 0.70% to close at N142
- MTNN down 0.55% to close at N180
READ: Telecom stocks reach record high, Nigerian stock market value hit N22 trillion
Outlook
Nigerian bourse at the fifth trading session of the week was negatively impacted by losses recorded in large and medium capitalized stocks, amongst which includes Nigeria’s blue-chip companies like TOTAL, MTN, WAPCO.
- Nairametrics envisages cautious buying amid renewed profit-making seen across the market spectrum.
![TNS Event](https://i.ibb.co/8cBH227/thumbnail-TNS-GOOGLE-RESIZE-300x250.jpg")
