Nigerian stocks ended Thursday’s trading session on an impressive note. The All Share Index rallied by 0.54% to 38,914.84 index points. Year-to-date return and market capitalization settled at -3.35% and N38.91 trillion, respectively. Nigerian investors were up by N109 billion
- ETERNA (9.96%) led the gainer’s chart today, while WAPIC (-9.09%) was the top loser. A total volume of 368.2 million units of shares, valued at N4.90 billion, exchanged hands in 4,437 deals.
- Nigerian stock investors’ sentiment as measured by the market breadth closed positive as 22 stocks advanced, while 12 declined.
Top gainers
- ETERNA N4.62 N5.08 0.46 9.96%
- LASACO N1.2 N1.3 0.1 8.33%
- ZENITHBANK N20.5 N22 1.5 7.32%
- GUARANTY N28 N29.8 1.8 6.43%
- DANGSUGAR N16 N17 1 6.25%
Top losers
- LINKASSURE N0.55 N0.5 -0.05 -9.09%
- WAPIC N0.55 N0.5 -0.05 -9.09%
- ABCTRANS N0.3 N0.28 -0.02 -6.67%
- STERLNBANK N1.57 N1.47 -0.1 -6.37%
- HONYFLOUR N1.25 N1.18 -0.07 -5.60%
Outlook
Nigerian stocks ended relatively bullish at the fourth trading session of the week, amid buying pressure from a significant number of Nigeria’s leading tier 1 banks.
- Bargain hunting on bellwether ZENITHBANK (7.32%), GUARANTY (6.43%), & DANGSUGAR (6.25%) had the most influence on the index.
- Nairametrics, however, envisages cautious buying amid growing uncertainty in Nigeria’s key international market, which includes resurging COVID-19 cases.
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Please can you break it down, am not clear with this though I should be interested