Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Spotlight

Nigerian stock Bears & Bulls’ tussle ends in a near stalemate

Olumide AdesinabyOlumide Adesina
2 years ago
in Spotlight, Stock Market
Bulls Win Grand Slam in Nigeria's stock market
Share on FacebookShare on TwitterShare on Linkedin

Nigerian stocks closed the trading session on a slightly negative note. The All Share Index was down by 0.08% to close at 40,154.09 index points. Year-to-date return and market capitalization settled at -0.29% and N21.00 trillion, respectively.

  • Investor sentiment as measured by the market breadth also remained negative with 25 losers against 20 gainers.
  • Performance across sectors was bearish as 3 of the 5 indexes under our coverage trended southward. The Industrial index led laggards, down 0.55% on the back of price decline in WAPCO (-8.00%).
  • UPDCREIT (+9.35%) led the gainer’s chart today, while AFRIPRUD (-9.59%) was the top loser.

Top gainers

  1. UPDCREIT up 9.35% to close at N5.85
  2. CHIPLC up 9.09% to close at N0.36
  3. ACADEMY up 8.57% to close at N0.38
  4. CORNERST up 7.81% to close at N0.69
  5. UPL up 7.50% to close at N1.29

Top losers

  1. AFRIPRUD down 9.59% to close at N6.6
  2. LASACO down 9.52% to close at N1.52
  3. NIGERINS down 8.70% to close at N0.21
  4. WAPCO down 8.00% to close at N23
  5. REDSTAREX down 7.42% to close at N3.12

Outlook

Nigerian stocks ended the first trading session on a slightly bearish note, amid soaring oil prices prevailing at the U.S trading session. At the time of writing this report, Brent crude was trading above $62/barrel.

  • The Insurance and Consumer goods indexes shed 0.13% and 0.08% respectively on account of losses in LASACO (-9.52%), AIICO (-2.61), NEM (-2.44%).
  • Conversely, the banking index led gainers, up 0.19% on buy interest in ZENITH BANK (+0.40%) and GUARANTY (+0.33%). The oil and gas trailed by 0.08% as OANDO improved by (+0.98%).
  • Nairametrics envisages cautious buying, on the sentiments that recent price action shows further market correction in the near term.

Related

Tags: All Share IndexBrent CrudeFeaturedNigerian Stocks

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Dupe Olusola: The Leader Who Has Attested that Success Isn’t the Result; It’s The Impact!
  • Tony Elumelu Brands Himself in these 5 effective ways
  • Nigeria’s problem is growth, not debt, revenue – Dr. Andrew Nevin

Follow us on social media:

Recent News

The Leader Who Has Attested that Success Isn’t the Result; It’s The Impact!

Dupe Olusola: The Leader Who Has Attested that Success Isn’t the Result; It’s The Impact!

February 5, 2023
Tony Elumelu

Tony Elumelu Brands Himself in these 5 effective ways

February 5, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics