The market was mostly bearish on profit-taking from retail investors, notably on ZENITHBK (-1.73%) and MTNN (-1.29%).
Market breadth closed negative as BOCGAS led 26 Gainers as against 38 Losers topped by FCMB at the end of today's session.
The Banking and Consumer Goods sectors recorded the largest gains as they appreciated by 4.07% and 2.56%.
Great performance for Dangote Cement and MTN Nigeria as they each hit the N3 trillion market capitalisation mark.
The market breadth index was positive with 39 gainers against 11 losers
Today’s market upturn was impacted by gains recorded in large and medium capitalized stocks.
MTN profits came under pressure in the third quarter of the year due to rising operating expenses and finance costs.
MTN Nigeria has recorded total revenue of N975.76 billion for Q3 2020, moving up from N856.549 billion recorded in the corresponding period in 2019.
MTN Nigeria has announced the appointment of Karl Toriola as new CEO designate, to replace Ferdi Moolman.
The market breadth index was positive with 20 gainers against 10 losers.