This is the Stock Market report for Wednesday 27th May 2020.
The All-Share Index rose marginally by 0.07% to close at 25,221.25.
Top Gainers are Nigeria Breweries (+10.00% ), Stanbic (9.98%), DangSugar (9.37%) , Guiness (8.97%) and DangCem (2.46%).
Losers include Ardova (10.00%), Transcorp (6.49%), Caverton (5.26%), NAHCO (3.33%), Afripud (1.98%).
Most traded equities are Zenith, Guaranty, FBNH, Transcorp, and UBA.
Other gainers are Zenith, Access, Wema, Guaranty and Cadbury to close at N8.00.
On the losers bench, there appears to be profit-taking, especially with Ardova.
DangCem submitted its Q1 2020 financial statement to the market. CAP Plc also submitted its 2019 Audited financial statement to the exchange today. Fidson HealthCare also submitted its financial statements to the exchange.
Nigeria Breweries also notified the exchange of its forthcoming Annual General Meetings via proxy.
In related news event, The Minister of Finance, Zainab Ahmed while responding to questions from the Herald Newspaper Capital Market Analyst, Oladipupo Ehindero, pledged that the issue of developing a futures market for the Nigeria Stock Exchange to help provide valuable market data will be looked into in the near future.