Nigerian stock exchange market closed in profit supporting yesterday’s surge, amid the removal of Firstbank’s Board of Directors.
Nairametrics noticed a surge in demand for First bank shares which was sufficient enough to mitigate the speculated sell. First Bank shares saw a stalemate, holding price at N6.90. The All-Share Index increased by +0.95% to close at 39,834.42.
Nigerian Stock Exchange market value currently stands at N20.85 trillion. Its Year-to-Date (YTD) returns currently stand at -1.08%.
The market breadth closed positive in the green as REGALINS led 22 Gainers, and 23 Losers topped by NCR at the end of Friday’s session showing a consolidation as movement is not certain.
REGALINS up +10.00% to close at N0.33
CHIPLC up +8.33% to close at N 39
ROYALEX up +8.16% to close at N0.53
FTNCOCOA up +7.69% to close at N0.42
BUACEMENT up +7.15% to close at N77.90
NCR down -9.92% to close at N2.27
VANLEER down -9.70% to close at N6.05
HONYFLOUR down -9.38% to close at N1.16
SUNUASSUR down -9.23% to close at N0.59
UNITYBNK down -8.82% to close at N0.62
Nigerian Stock Market continued its bullish run as it posted gains. HONYFLOUR saw a dip which was in line with the speculated reaction from investors.
Market sentiment tends toward consolidation as the NGX ASI closed with 22 gainers and 23 losers
Nairametrics however, advises cautious buying in this era of growing uncertainties.
Download Nairametrics App for breaking news and market intelligence.