Nigerian Stocks rose today by 0.78% to 41,014.30 index points amid renewed buy activity and price appreciation in DANGCEMENT. Investors gain N166.51 billion.
Year-to-date return and market capitalization also improved by the same margin to settle at 1.90% and N21.45 trillion, respectively.
Activity level improved in today’s trading as total volume and value traded increased by 246.78% and 16.48% respectively, as 1.27 billion units of shares, valued at N6.39billion exchanged hands in 6,573 deals.
Investor sentiment as measured by market breadth, was inverse of the broad index as 46 stocks declined while 7 stocks advanced. LIVESTOCK (-10.00%) led the laggards for the day, while DANGCEM (+7.04%) finished top gainer.
The sectorial performance was negative as the banking, insurance, energy, and Consumer Goods indexes dipped by 2.98%, 2.93%, 0.90%, and 0.32% respectively.
DANGCEM up 7.04% to close at N228
MBENEFIT up 5.41% to close at N0.39
SOVRENINS up 3.70% to close at N0.28
VITAFOAM up 3.33% to close at N9.3
UNILEVER up 2.57% to close at N13.95
LINKASSURE down 10.00% to close at N0.54
LIVESTOCK down 10.00% to close at N2.25
NAHCO down 9.96% to close at N2.08
NNFM down 9.88% to close at N7.02
PORTPAINT down 9.84% to close at N2.84
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Nigerian Stocks recorded an impressive trading session at the fourth trading session amid falling oil prices prevailing at the U.S trading session.
The industrial index closed as the lone gainer, up by 2.57% on DANGCEM 7.04% price appreciation
Nairametrics, however, envisages cautious buying as the COVID-19 crisis remains on major headlines globally.