NGX ASI encounters pull back amid rise in LASACO

The Nigerian Stock Exchange market started the month in the red, drifting from the profit posted in the last trading session. The All-Share Index decreased by -0.08% to close at 39,801.78 from 39,834.42.

• The Nigerian Stock Exchange market value currently stands at N20.85 trillion. Its Year-to-Date (YTD) returns currently stand at -1.16%.
• The market breadth closed negative. LASACO led 24 Gainers, and 17 Losers topped by LINKASSURE at the end of Tuesday session showing a consolidation.

Top gainers

• LASACO up +9.86% to close at N1.56
• NEIMETH up +9.83% to close at N1.90
• INTBREW up +9.62% to close at N5.70
• COURTVILLE up +8.70% to close at N0.25
• ROYALEX up +7.55% to close at N0.57

Top losers

• LINKASSURE down -13.11% to close at N0.53
• REGALINS down -9.09% to close at N0.30
• CHIPLC down -7.69% to close at N0.36
• STERLNBANK down -7.50% to close at N1.48
• WAPCO down -5.20% to close at N20.05

Outlook

The Nigerian Stock Market reverts from its bullish run as it posts losses at the end of the trading session today.

• Market sentiments tend toward recovery as the NGX ASI closes with 24 Gainers and 17 Losers.
• Nairametrics, however, advises cautious buying in this era of growing uncertainties.