GTBANK, STANBIC, SEPLAT record gains, as ASI up by +0.37%

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GTBANK, STANBIC, SEPLAT record gains, as ASI up by +0.37%

Nigerian Stock Exchange closed today on a positive note for the trading week. The All Share Index appreciated by +0.37% to close at 25,605.64 basis points as against +0.20% appreciation recorded previously.

Its Year-to-Date (YTD) returns currently stands at -4.61%. Nigerian Stock Market capitalization presently stands at N13.358 trillion

Trading volume turnover closed up as Friday’s trading volume surged by +80.56% as against the +28.18% uptick recorded on Thursday’s trading session.

LASACO, ZENITHBANK, and ACCESS were the most active stocks boosting market turnover.

STANBIC leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.

Market breadth closed positive as SEPLAT led 23 Gainers as against 12 Losers topped by INITSPLC at the end of today’s session – an improved performance when compared with the previous outlook.

Top gainers

SEPLAT up 3.90% to close at N400
GUARANTY up 3.31% to close at N26.55
GUINNESS up 3.21% to close at N14.45
CAP up 1.50% to close at N16.9
STANBIC up 1.33% to close at N38

Top losers
INITSPLC down 9.52% to close at N0.57
NAHCO down 4.76% to close at N2
OANDO down 2.17% to close at N2.25
FBNH down 0.99% to close at N5
UBA down 0.77% to close at N6.45

Outlook

Nigerian Bourse continued its bullish run throughout this week as major NSE30 stocks including, SEPLAT, STANBIC, triggered the upward run at Friday’s trading session.

Nigerian bourse recorded its sixth successive trading sessions bullish, as stock traders and investors positioned their bets on dividend-paying banking stocks like GTBANK and ZENITH BANK.

Nairametrics however, envisage cautious buying, amid improved market conditions in Nigeria’s financial market.

True Talk News

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