Zenith Bank, GTBank, Stanbic thrive as investors gain ₦125B

Nigerian Stocks ended the fourth trading session on a positive note as the All Share Index gained by 0.57% to close at 42,169.41 index points as against the +0.83% appreciation recorded on Wednesday.

• Its Year-to-Date (YTD) returns currently stands at +4.71%.
• Nigerian Stock Exchange capitalization currently stands at N22.06 trillion. Investors gained N124.86 billion
• The Nigerian Stock market turnover printed up as Thursday’s trading volume as volume moved up by +2.16% as against the +16.18% upsurge recorded on Wednesday.
• TRANSCORP, UBN, and ZENITHBANK were the most active to boost market turnover.
• MOBIL 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 JBERGER led 27 Gainers as against 22 Losers topped by MOBIL at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

1. JBERGER up 9.95% to close at N22.65
2. STANBIC up 5.91% to close at N46.6
3. NB up 3.28% to close at N63
4. ZENITHBANK up 3.03% to close at N27.2
5. GUARANTY up 2.41% to close at N34

Top losers

1. MOBIL down 8.62% to close at N228
2. NEM down 7.56% to close at N2.2
3. CADBURY down 7.29% to close at N8.9
4. LIVESTOCK down 3.86% to close at N2.49
5. ARDOVA down 2.78% to close at N17.5

Outlook

Nigerian bourse was fired up at all cylinders amid falling oil prices across the market spectrum. NSE30 stocks saw high buying pressures GTBank, Zenith Bank recorded daily gains on Thursday.

• Nigerian institutional investors seem to have increased their capital inflows to Nigerian Stocks on the prevailing low returns seen in some Nigerian debt instruments.
• Nairametrics, however, envisages cautious buying amid growing uncertainty in Nigeria’s key international market, that includes growing COVID-19 caseloads in China.