Nigerian stocks ended the first trading session of the week bullish. The All Share Index rallied up by 0.17% to close at 39,396.57 index points as against the 0.08% drop recorded last Friday. Its Year-to-Date (YTD) returns currently stand at -2.17%.

  • However, the Nigerian trading bourse turnover printed negative as volume dipped by 49.92% as against the 19.18% surge recorded last Friday.
  • ZENITHBANK, FBNH, and MANSARD were the most active Nigerian Stocks that boosted the Nigerian Stock market turnover on Monday.
  • The Market breadth closed positive as ARDOVA led 24 Gainers as against 14 Losers topped by DNMEYER at the end of today’s session – an improved performance when compared with the previous outlook.

Top gainers

  1. ARDOVA up 10.00% to close at N14.85
  2. LINKASSURE up 10.00% to close at N0.55
  3. CHAMPION up 9.52% to close at N1.84
  4. OANDO up 9.43% to close at N2.9
  5. MORISON up 9.09% to close at N0.72

Top losers

  1. MEYER down 10.00% to close at N0.45
  2. LIVESTOCK down 9.87% to close at N2.01
  3. SCOA down 9.85% to close at N2.38
  4. IKEJAHOTEL down 9.48% to close at N1.05
  5. NEM down 6.88% to close at N1.76

Outlook

Other News

Nigerian bourse ended Monday’s trading session on a bullish note amid price swings prevailing in the oil futures market.

  • The performance of the market today was largely driven by price appreciation in Nigerian Oil stocks.
  • Amidst such turnaround currently in play, Nairametrics envisages caution as recent price action reveals high selling pressures still prevail among a significant number of low and medium-capitalized stocks across the market spectrum.