Last week, the Nigerian Stock Market continued its recent stellar performance, as it closed positive in all the four trading sessions, Brandnewsday gathers.
This came as the local bourse gained a total of ₦350.15 billion, culminating in a week-on-week gain of 2.53% in the All-Share Index (which settled at 26,985.77 absolute points), while the Market Capitalization value gained 2.55% w/w to close at ₦14.11 trillion due to the listing of an additional 146,878,241 ordinary shares of Dangote Sugar Plc at 50k each.
The uptrend was impacted by gains recorded in medium and large capitalized stocks, amongst which are; TOTAL (+21.00%), OANDO (+12.81%), STERLNBANK (+12.34%), CHAMPION (+9.88%), IKEJAHOTEL (+9.78%), AIICO (+9.72%), ETERNA (+9.60%), INTERBREW (+8.33%), GUARANTY (+7.41%), UACN (+6.56%), DANGSUGAR (+4.88%), MTNN (+4.84%), and ZENITH (+4.34%).
Outlook for the week ending October 9th 2020
After two weeks of a bullish trend, we expect to see a seesaw movement in the market performance this week, owing largely to anticipated profit taking by active traders.
READ: #Bitcoinhalving: Bitcoin Hits Third Halving In Its History
Also, a possible drawback of foreign investors as a result of the renewed pressure on crude oil prices in the international market. Hence, we see the NSE-ASI retreating mildly this week.
GTI WEEKLY STOCK PICKS FOR THE PERIOD 05/10/2020 – 09/10/2020
Stanbic IBTC, a member of Standard Bank Group, has reaffirmed the importance of collaboration, relevant…
LAGOS, Nigeria | October 2026 — A new independent reputation intelligence audit of the African Public Relations…
Retired Deputy Inspector-General of Police (DIG), Frank Mba, has formally unveiled his law office, FRANK…
LAGOS, Nigeria | 9 October 2026. Big Brother Naija has grown from a reality television…
The stage is set for another major chapter in African music as the International Executive…
Stanbic IBTC Holdings, A member of Standard Bank Group, has concluded the third edition of…
This website uses cookies.