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NGX ASI encounters pull back amid rise in LASACO

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
May 4, 2021
in Markets, Stock Market
Stocks drop after the S&P 500 sets a new high
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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.

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Tags: FeaturedLASACONigeria Stock Market

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