GTBank, Zenith Bank post gains, as market liquidity weakens 

Nigerian bourse ended the trading week on a positive a note. The All Share Index gained 0.28% to close at 25,591.95 basis points as against 0.38% appreciation recorded on Thursday. Its Year-to-Date (YTD) returns currently stands at -4.66%.  

Nigerian Stock Exchange turnover printed negative as volume dipped by 10.04% as against -12.29% plunge recorded on Thursday. CUSTODIAN, ZENITHBANK and GUINNESS were the most active to boost market turnover.  

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AIRTELAFRI leads the list of active stocks that recorded impressive volume gains at the end of today’s session. 

Market breadth closed positive, as NPFMCRFBK led 19 Gainers as against 18 Losers topped by ARDOVA at the end of today’s session – an unimproved performance when compared with the previous outlook.  

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 Top gainers 

• WAPCO up 4.92% to close at N12.8 
• STANBIC up 3.90% to close at N40 
• FLOURMILL up 1.83% to close at N19.5 
• ZENITHBANK up 1.47% to close at N17.2 
• GUARANTY up 1.01% to close at N25 

 Top losers 

• ARDOVA down 9.92%to close at N11.35 
• CAP down 9.74% to close at N15.75 
• JBERGER down 8.24% to close at N15.6 
• INTBREW down 4.11% to close at N3.5 
• GUINNESS down 3.57% to close at N13.5 

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 Outlook 

Against all odds, Nigerian bourse, finished Friday’s trading session on a bullish note amid falling oil prices at U.S trading session.  

Nigerian Stock Exchange market liquidity continued to print unimpressive data numbers, as institutional investors remain on the sidelines. 

Nairametrics expects cautious buying as the resurging COVID-19 caseloads, disrupts Nigeria’s international market negatively.