Dangote, WAPCO, PZ surge, investors gain N334 billion

Nigerian Stocks witnesses a positive run as equities market capitalization value appreciated by N333.80 billion to commence trading for the week.
The All-Share Index (ASI) increased by 1.74% to close at 37,443.40 points.

Similarly, the overall market capitalization size gained N333.80 billion to close at N19.57 trillion.

• Today’s market upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which includes; DANGCEM, WAPCO, and FLOURMILL.
• Also, the total volume traded increased to 427.05 million shares, worth N3.30billion, traded in 5,258 deals.
• Transactions in the shares of MANSARD topped the activity chart with 90.1 million shares valued at N91.08 million. JAPAULGOLD followed with 45.4 million shares worth N16.8 million.
• With 23 gainers to 23 losers, sectoral indices closed mixed. DANGCEM (+9.98%) led the gainer’s chart for the day, while ETERNA (-9.89%) finished top loser.
• The NSE Industrial Index led the gainers with 5.46%. The NSE Insurance and Energy Indexes trailed appreciating by 5.16 and 0.76% respectively. Conversely, the NSE Banking & Consumer Goods Indexes declined by -1.05 and -0.14% .

Top gainers

1. BOCGAS up 10.00% to close at N7.92
2. DANGCEM up 9.98% to close at N230.4
3. PZ up 7.00% to close at N5.35
4. FLOURMILL up 2.50% to close at N26.65
5. WAPCO up 2.27% to close at N22.5

Top Losers

1. ETERNA down 9.89% to close at N4.1
2. ARDOVA down 5.24% to close at N13.55
3. UNILEVER down 2.79% to close at N13.95
4. ZENITHBANK down 2.02% to close at N24.3
5. GUARANTY down 0.74% to close at N33.5

Nigerian Stocks recorded an impressive trading session at the first trading session of the week amid falling oil prices prevailing at U.S trading session

• Buying pressure was significantly seen across leading NSE 30 Stocks that include Dangote, WAPCO and Flour mill, maintained bullish market sentiments at Africa’s best-performing stock index.
• 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 amid the new strain of COVID-19 spreading like wild-fire.