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Guinness plunges amid Nigerian stocks gains

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
April 21, 2021
in Markets, Spotlight, Stock Market
gtbank, stock market, Bulls dominate Nigerian bourse ASI up 0.74%, Investors gain N77 billion., Crude oil bulls lose steam, as COVID-19 cases hit record high

Bulls and stock market capitalization

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The Nigerian Stock Exchange market posted gains at the end of the trading session today. The All-Share Index increased by +0.29% to close at 39,128.34 from 39,015.58 index points. CONOIL topped the gainers list.

  • Nigerian Stock Exchange market value currently stands at NGN 20.48Tr. Its Year-to-Date (YTD) returns currently stands at – 84%.
  • The market closed in profit as CONOIL led 21 Gainers and GUINNESS topped the chart of 22 Losers with a noticeable bullish movement by the NSE ASI.

Top gainers

  1. CONOIL up +9.97% to close at N18.75
  2. STUDPRESS up +9.88% to close at N1.78
  3. ETERNA up +9.48% to close at N6.35
  4. UPL up +9.40% to close at N1.28
  5. WAPCO up +6.83% to close at N21.90

Top losers

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  1. GUINNESS down -9.89% to close at N28.70
  2. PORTPAINT down -9.85% to close at N2.38
  3. ACADEMY down -8.26% to close at N0.37
  4. LEARNAFRCA down -8.26% to close at N1.00
  5. REGALINS down -7.41% to close at N0.25

Outlook

The NSE ASI saw a bullish move supporting Tuesday gains and showing bullish dominance since the start of the week.  However, the following stocks are on our watchlist: PZ, Guaranty, Access bank, STANBIC, HONYFLOUR, GUINNESS and Flourmills.

  • Nairametrics advises cautious participation in the stock market in this era of growing uncertainties.

Follow us for Breaking News and Market Intelligence.
Tags: ConoilGuinnessNigerian Stock Exchange
Ubah Jeremiah Ifeanyi

Ubah Jeremiah Ifeanyi

For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah

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