NSE: Trading gets bullish as investors gain N132.8 billion

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By Francis Ogwo

The second trading session at the floor of the Nigerian Stock Exchange on Tuesday started on a bullish note as the All Share Index went up by 0.83% to close at 30,733.47 points, as against Mondays -0.17% depreciation.

At the session, its Year-to-Date (YTD) returns currently stands at +14.50%. Investors gained N132.80 billion

The trading turnover of Nigerian bourse however printed negative at 0.77%, as against -53.37% downtick recorded on Monday. Zenith bank, FBNH, and UBA were the most active to boost market turnover.

The list of active stocks was led by SEPLAT leading with an impressive volume.

Market breadth closed positive as WAPIC led 24 Gainers, as against 18 Losers topped by CUSTODIAN at the end of today’s session – an improved performance when compared with the previous outlook.

The Top Gainers and Top Losers were as follows:
Top Gainers

CAP up 9.58% to close at N22.3

OANDO up 7.00% to close at N2.7
DANGCEM up 5.63% to close at N169
VITAFOAM up 5.47% to close at N6.75
DANGSUGAR up 1.65% to close at N15.4

Top Losers

CUSTODIAN down 7.44% to close at N5.6
GUINNESS down 2.65% to close at N16.55
FLOURMILL down 1.56% to close at N28.4
GUARANTY down 1.54% to close at N32
STANBIC down 1.08% to close at N46

In summary, the Tuesday trading session ended on gains, amid a bullish trend seen in crude oil prices, and the U.S dollar losing value significantly.

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