Nigerian stocks closed the last trading session on a bearish note. The All Share Index plunged by 1.40% to close at 40,439.85 index points as against the 0.78% gain recorded yesterday. Its Year-to-Date (YTD) returns currently stands at +0.42%.
Nigerian Stock Exchange market value now stands at N21.16 trillion.
Nigerian bourse market turnover at Friday trading session printed negative as volume dipped by 68.96% as against +247.40% uptick recorded on Thursday. ZENITHBANK, TRANSCORP, and FBNH were the most active to boost market turnover.
Among major sectoral indexes, the Industrial Goods sector emerged as the sole loser today on BUACEMENT and DANGCEM’s selloffs.
On the flip side, the Banking (+0.52%), Consumer Goods (+0.28%), Oil and Gas (+0.14%), and Insurance (+0.04%) sectors closed higher.
The market breadth closed positive as UAC-PROP led 31 Gainers as against 9 Losers topped by LIVESTOCK at the end of today’s session – an improved performance when compared with the previous outlook.
UAC-PROP up 9.59% to close at N0.8
LINKASSURE up 9.26% to close at N0.59
JAPAULGOLD up 9.23% to close at N0.71
UNITYBNK up 9.23% to close at N0.71
AFRINSURE up 9.09% to close at N0.24
LIVESTOCK down 9.78% to close at N2.03
NEM down 9.69% to close at N2.05
BUACEMENT down 7.22% to close at N73.3
SOVRENINS down 7.14% to close at N0.26
DANGCEM down 3.51% to close at N220
The Nigerian All Share Index reverted into the negative territory, losing 1.40% in the week’s final session. The index’s pullback was at cement makers’ helms – DANGCEM (-3.51%) and BUACEMENT (-7.22%).
Nairametrics envisages cautious buying amid renewed profit-making seen across the market spectrum.