FirstMonie! Yaba to Yobe

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Dangote, Airtel, WAPCO Rebounds Strongly, Investors Gain N310 Billion At NS Market ~Omonaijablog


The market breadth closed positive as AIRTELAFRI led 26 Gainers as against 14 Losers topped by INTBREW at the end of December 14th session.
 
Nigerian Stocks end the first trading session of the week on a positive note. The All Share Index gained +1.73% to close at 34,843.44 points as against a 0.94% drop recorded last Friday.
Nigerian Stock market Year-to-Date (YTD) returns presently stands at +29.81%. Nigerian Stock Exchange market capitalization currently stands at N18.2 trillion. Investors gained N309.78 billion.
However, Nigerian Stocks trading turnover on Monday ended bearish as volume dipped by 73.86% as against the +43.71% surge recorded last Friday. ZENITH BANK, GUARANTY, and ACCESS were the most active to boost market turnover.
The market breadth closed positive as AIRTELAFRI led 26 Gainers as against 14 Losers topped by INTBREW at the end of today’s session – an improved performance when compared with the previous outlook.
Top Gainers

AIRTELAFRI up 10.00% to close at N704
BOCGAS up 6.35% to close at N7.2
GUINNESS up 3.82% to close at N17.65
DANGCEM up 2.73% to close at N188
WAPCO up 2.19% to close at N21

Top Losers

INTBREW down 9.89% to close at N6.47
CUTIX down 9.47% to close at N1.72
NASCON down 9.38% to close at N14.5
ARDOVA down 6.51% to close at N12.2
UBN down 5.50% to close at N5.15
READ: Airtel Africa posts an all-time high, investors gain N82 billion

Outlook
Nigerian Stocks against headwinds continued its bullish trend, amid crude oil prices trading above $50/barrel at the U.S trading session.

Buying pressure from Industrial Stocks and Telcom stocks, particularly Airtel Africa kept the bullish run in the play, amid significant sell-offs seen in some notable Nigerian stocks like Union Bank, International Breweries.
Nairametrics envisage you seek the advice of a certified stockbroker or financial advisor in choosing stocks to buy, as some Nigerian stocks exhibit cyclic returns.

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