Tuesday, Sep 22nd 2020 6:16 PM
Lagos
+29°C

Market Digest Nigeria

Finance

Bears rule Nigerian stocks as Seplat, Oando post losses

Nigerian stocks finished trading session on a slightly bearish note. The All Share Index dropped by 0.03% to close at 25,597.96 points as against +0.05% gain recorded on Monday.

Its Year-to-Date (YTD) returns currently stands at -4.64%.Nigerian Stock Exchange capitalization presently stands at N13.354 Trillion. Investors’ losses at the end of Tuesday trading session stood at N3.98 Billion. Nigerian bourse trading turnover printed negative as volume dipped by 4.63% as against +20.82% gains recorded on Monday.

GUARANTY and ZENITH BANK were the most active to boost market turnover. GUARANTY and STANBIC topped market value list.

Market breadth closed negative as IKEJAHOTEL led 13 Gainers as against 15 Losers topped by NPFMCRFBK at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

IKEJAHOTEL up 9.52% to close at N0.92

UAC-PROP up 9.20% to close at N0.95

Top Losers

NPFMCRFBK down 9.42% to close at N1.25

REDSTAREX down 6.13% to close at N3.52

OANDO down 5.46% to close at N2.25SEPLAT down 1.28% to close at N385DANGSUGAR down 1.24%to close at N11.9

Amid rising crude oil prices recorded at U.S trading session, Nigerian bourse ended slightly bearish. Reports from the National Bureau of Statistics showed inflation increased by 13.22 % (year-on-year) in August 2020 thereby unsettling the nerves of some investors.

NAIRAMETRICS

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