Nigerian stocks end slightly red amid strong gains from GUINNESS, PRESTIGE

The market breadth closed positive as GUINNESS led 20 Gainers, as against 13 Losers topped by SOVRENINS.

Nigerian bourse ended Friday’s trading session on a slightly negative note, The All Share Index dipped by 0.20% to close at 39,216.20 index points as against the +0.53% surge recorded on Thursday.

• Nigerian Stock Exchange market value currently stands at N20.51 Trillion. Its Year-to-Date (YTD) returns currently stand at -2.62%.
• Nigerian bourse trading turnover ended high as volume ticked up by 9.37% as against 36.61% drop posted on Thursday.
• The market breadth closed positive as GUINNESS led 20 Gainers, as against 13 Losers topped by SOVRENINS at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

1. GUINNESS up 9.89% to close at N30
2. PRESTIGE up 9.76% to close at N0.45
3. SOVRENINS up 9.09% to close at N0.24
4. UACN up 8.75% to close at N8.7
5. ABCTRANS up 7.14% to close at N0.3

Top losers

1. FTNCOCOA down 9.80% to close at N0.46
2. JAIZBANK down 9.23% to close at N0.59
3. ROYALEX down 7.69% to close at N0.24
4. WAPIC down 7.27% to close at N0.51
5. AFRINSURE down 4.76% to close at N0.2

Outlook

Nigerian Stocks ended the last trading session of the week on a slightly bearish note amid soaring oil prices. Trading turnover at Friday’s trading session was boosted by Zenith Bank, Union Bank, and GTBank.