GTBank shores Nigerian stocks up

The Nigerian bourse ended Wednesday’s trading session on a slightly bullish note.

The All Share Index gained by +0.03% at the close of today’s session. Year to date return and market capitalization settled at 14.53% and 16.06 trillion respectively.

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• A total volume of 286.4 million units of shares, valued at N3.09 billion exchanged hands in 2,889 deals.
• ACCESS BANK had the most traded shares by volume and value at 145 million units and N1.16 billion respectively.
• The market breadth index was positive with 12 gainers against 11 losers. FCMB (+5.17%) led the gainers today, while JBERGER (-2.57%) topped the laggards.
• The NSE Insurance Index was up by +1.04%, on price appreciation in CHIPLC (+8.82%) and AIICO (+4.82%).
• The NSE Oil & Gas Index advanced by 0.35%, on buy interest in JAPAULOIL (+4.35%).
• The NSE Consumer Goods Index gained +0.05%, price appreciation in DANGSUGAR (+0.65%).
• The NSE Industrial Index improved slightly by +0.03%, on the back of gains in CAP (+3.14%) and WAPCO (+0.27%).
• The NSE Banking Index finished flat.

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Top gainers

1. FCMB up 5.17% to close at N3.05
2. CAVERTON up 3.68% to close at N1.97
3. CAP up 3.14% to close at N23
4. DANGSUGAR up 0.65% to close at N15.5
5. GUARANTY up 0.31% to close at N32.1

Top Losers

1. JBERGER down 2.57% to close at N17.05
2. GLAXOSMITH down 1.67% to close atN5.9
3. ETI down 0.96%to close at N5.15
4. UBN down 0.90% to close at N5.5
5. FBNH down 0.79% to close at N6.3

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Outlook

The Nigerian bourse ended its third trading session for the week positive. The All Share Index continued to attract a significant amount of buying pressure across the market spectrum, taking into consideration the fact that  it remains one of the most profitable indexes to trade globally.

• Buying pressure in GTBank and Dangote Sugar kept the bulls in play, as the market capitalization edged above N16 trillion.
• Nairametrics expects you to seek the advice of a registered stockbroker when choosing stocks to buy, on the bias that some Nigerian stocks are parabolic in nature.