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Nigerian Stock Exchange closed Friday’s trading session on a bullish note. The All Share Index gained by +1.56% to close at 36,804.75 index points as against +2.10% appreciation recorded on Thursday.

 

Nigerian Stock Exchange capitalization now stands at N19.24 Trillion. Its Year-to-Date (YTD) returns currently stands at +37.12%.

 

Nigerian bourse trading turnover at the last trading session for the week ticked up closes volume gained 24.07% as against 47.18% plunge recorded on Thursday. NIGERINS, GUARANTY, and MANSARD were the most active to boost market turnover.

 

The market breadth closed positive as OANDO led 31 Gainers as against 7 Losers topped by CILEASING at the end of today’s session – an improved performance when compared with the previous outlook.

 

 

Outlook

Nigerian stocks got fired up amid falling oil prices at the last trading session of the week.


Buying pressure was significantly seen across leading NSE 30 Stocks like MTN Nigeria, Dangote rallied close to their 52 weeks high amid the prevailing bullish momentum.

Nairametrics, however, envisages cautious buying as the COVID-19 crisis seems to be getting out of hand in Nigeria’s key international markets, that includes Western Europe and the United States amid the rollout of COVID-19 vaccines.

 

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