Nigeria’s stock exchange market made another bearish end at the close of Tuesday’s trading session posting a loss. The All-Share Index decreased by -1.48% to close at 38,445.09 from 39,022.52.
- Nigerian Stock Exchange market value currently stands at N20.04 Trillion. Its Year-to-Date (YTD) returns currently stand at -4.53%.
- The market breadth closed negative for the 3rd time this week as SEPLAT led 23 Gainers and 26 Losers topped by AIRTELAFRI at the end of today’s session, showing a consolidation.
Top gainers
- SEPLAT up +10.0% to close at N682.00
- MRS up +10.00% to close at N10
- STERLNBANK up +9.74% to close at N1.67
- JAPAULGOLD up +9.62% to close at N0.57
- REGALINS up +8.82% to close at N0.37
Top losers
- AIRTELAFRI down -10.00% to close at N837.00
- CILEASING down -10.00% to close at N4.50
- BOCGAS down -9.96% to close at N11.03
- ROYALEX down -9.64% to close at N0.75
- NNFM down -8.94% to close at N5.60
Outlook
Nigeria’s Stock Market saw 3 bearish turns the week and some analysts expect the NGX ASI to make a bullish recovery before the end of the week
- Market sentiments trend towards bears as 26 losers outweighed 23 winners.
- Nairametrics advises cautious buying in this era of growing uncertainties.
