Stockbrokers do business on the trading floor of the Nigerian Stock Exchange, on October 8, 2008 in Lagos. Global financial turmoil has battered markets around the world, posing risks to foreign investment and trade that could threaten Africa's recent economic gains, according to experts. Losses highlighted steady declines all year in major African markets with oil-exporter Nigeria off 31 percent from its March high. AFP PHOTO/PIUS UTOMI EKPEI

Equities market closed Friday on a positive note, as NSEASI appreciated by +0.38% to close at 25,236.97 basis points as against +1.04% appreciation recorded previously.

Its Year-to-Date (YTD) returns currently stands at -5.98%.

Market Breadth

Market breadth closed negative as Mansard led 15 Gainers as against 18 Losers topped by Ikeja Hotel at the end of today’s session – an unimproved performance when compared with previous outlook.

Market Turnover                                                                                    

Market turnover closes positive as volume moved up by +25.97% as against -0.84% downtick recorded in the previous session. Transcorp, Zenith Bank and CHAMS were the most active to boost market turnover. Zenith Bank and Guaranty topped market value list.

Volume Shockers

WAPIC led the list of active stocks that recorded impressive volume spike at the end of the day’s session.


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