Nigerian stocks end bullish as OANDO, PZ, and FCMB dip

The Nigerian Stock Exchange market recovered from its bearish end in Friday’s trading session and posted a profit at the end of the trading session today. The All-Share Index increased by 0.71% to close at 39,493.37 index points as against the -0.20% loss recorded on Friday.

• Nigerian Stock Exchange market value currently stands at N20.52 trillion. Its Year-to-Date (YTD) returns currently stand at -1.93%.
• The market breadth closed positive with COURTVILLE leading 28 gainers, as against 12 losers topped by CORNERST at the end of today, showing bullish momentum.

Top gainers

1. COURTVILLE up 10.00%to close at N0.22
2. CUSTODIAN up 10.00% to close at N6.60
3. LINKASSURE up 9.80% to close at N0.56
4. CAVERTON up 9.52% to close at N2.07
5. JAIZBANK up 8.47%to close at N0.64

Top losers

1. CORNERST down 9.84% to close at N0.55
2. OANDO down 6.06% to close at N3.10
3. HONYFLOUR down 4.84% to close at N1.18
4. PZ down 3.00% to close at N4.85
5. FCMB down 2.68% to close at N2.90

Outlook

Nigerian Stocks started the first trading session of the week on a bullish note amid soaring oil prices. Trading turnover at Monday trading session was boosted by GUARANTY, UBN and WEMABANK

• Nairametrics, however, advises cautious buying in this era of growing uncertainties.