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GTBank, SEPLAT, NB Others Rally Nigerian Stocks To Triple Gains ~Omonaijablog


 
Nigerian Stocks ended Thursday’s trading session on a bullish note.

The All Share Index rose today by 0.31% to 40,590.85 index points. Year to date return and market capitalization settled at 0.79%, and N21.22 trillion respectively.

A total volume of 2.133 billion units of shares, valued at N7.50 billion exchanged hands in 4,558 deals.
CHAMPION BREW was the most traded shares by volume and value at 1.905 billion units and N4.950 billion.
Market sentiment was positive as market breadth came with 27 advancers and 14 decliners. SEPLAT (+10.00%) led the gainer’s chart today, while UNILEVER (-6.47%) was the top loser.
Top Gainers

SEPLAT up 10.00% to close at N451
ARDOVA up 9.96% to close at N14.9
DANGSUGAR up 3.83% to close at N19
NB up 3.57% to close at N58
GUARANTY up 1.54% to close at N33

Top Losers

UNILEVER down 6.47% to close at N13
FIDSON down 4.26% to close at N4.5
GUINNESS down 4.08% to close at N17.65
UBN down 1.87% to close at N5.25
FLOURMILL down 1.11% to close at N26.7

Outlook
Nigerian Bourse recorded its 3-day winning streak as some NSE30 stocks including, SEPLAT, GTBank, triggered the upward run at Thursday’s trading session.

The Nigerian Stock market advance to close in positive territory as buying interest was seen on stocks across the board.
Nairametrics however, envisage cautious buying, amid improved market conditions in Nigeria’s financial market.

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