#EndSARS protest weighs on Nigerian Stock Market


ETERNA led 14 Gainers as against 11 Losers topped by ETRANZACT at the end of today’s session.

Nigerian bourse closed flat on Wednesday trading session. The All Share Index closed at 28,344.33 points as against +0.02% appreciation recorded on Tuesday. Its Year-to-Date (YTD) returns currently stands at +5.60%.

Nigerian bourse trading volume dropped lower, as volume dipped by 59.24% as against +45.14% uptick recorded in the previous session. ZENITHBANK, UBA, and GUARANTY were the most active to boost market turnover.
COURTVILLE leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
The Market breadth closed positive as ETERNA led 14 Gainers as against 11 Losers topped by ETRANZACT at the end of today’s session – an unimproved performance when compared with the previous outlook.
Top gainers

ETERNA up 9.82% to close at N4.81
AFRIPRUD up 5.75% to close at N5.7
GUINNESS up 3.33% to close at N15.5
GUARANTY up 1.52% to close at N30
WAPCO up 2.06% to close at N17.35

Top losers

ETRANZACT down 9.91% to close at N1.91
STANBIC down 3.41%to close at N42.5
FCMB down 3.83% to close at N2.26
ARDOVA down 3.61% to close at N12
CAVERTON down 2.78% to close at N1.75

GTBank 728 x 90

Nigerian bourse closed neutral mid-week amid rising crude oil prices and falling U.S dollar index across the global market spectrum.

Ongoing protests participated in by a significant amount of Nigerian youths, weighed on the broad market sentiments.
That said, buying pressures from notable blue chips stocks as WAPCO and GTBank got neutralized by selling pressures seen in Stanbic IBTC and FCMB.
Nairametrics envisages cautious buying on growing political unrest across Nigerian urban cities.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More