Nigerian stocks up amid gains from Mobil, Airtel, Zenith Bank

Nigerian Stocks ended the last trading session of the week on a positive note.

• The All Share Index gained 0.48% to close at 35,137.99 points as against -0.25% recorded on Thursday.
• Its Year-to-Date (YTD) returns currently stands at +30.91%.

Nigerian Stocks trading turnover at Friday’s trading session ticked up as volume gained +1.20%, as against the 21.57% plunge recorded on Thursday.

• FBNH, UBA, and ACCESS were the most active to boost market turnover.
• The market breadth ended negative as MOBIL led 13 Gainers as against 19 Losers topped by DANGCEM at the end of today’s session – an unimproved performance when compared with the previous outlook.
• ETI leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.

Top Gainers

1. MOBIL up 9.20% to close at N228
2. AIRTELAFRI up 8.75% to close at N640
3. CILEASING up 7.17% to close at N4.78
4. ARDOVA up 3.21% to close at N14.45
5. ZENITHBANK up 1.70% to close at N23.95

Top Losers

1. DANGCEM down 2.93% to close at N199
2. DANGSUGAR down 2.56% to close at N19
3. UACN down 2.05% to close at N7.15
4. FBNH down 1.39% to close at N7.1
5. GUARANTY down 1.04% to close at N33.25

Outlook

Nigerian stocks got fired up amid soaring oil prices at the last trading session of the week.

• Buying pressure was significantly seen across leading NSE 30 Stocks like Mobil, Airtel, and Zenith Bank, which helped the bullish momentum all fired up.
• Nairametrics, however, envisages cautious buying as the COVID-19 crisis seems to be getting out of hand in Nigeria’s key international markets, which includes Western Europe and the United States.