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Home Markets

Bears maintain grip of NGX ASI

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
May 21, 2021
in Markets, Stock Market
Bears dominate Nigeria’s stock market

Stock market (Image credit: Prestmit)

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Nigeria’s stock exchange market made another bearish end on Thursday, posting a loss at the end of the trading session. The All-Share Index decreased by -0.3% to close at 38,328.13 from 38,445.09.

  • Nigeria’s stock exchange market value currently stands at N19.98Trillion. Its Year-to-Date (YTD) returns currently stands at -4.82%.
  • The market breadth closed negative for the 4th time this week as TRANSEXPR led 18 Gainers, and 19 Loses topped by SUNUASSUR at the end of yesterday’s session, showing a consolidation.

Top gainers

  1. TRANSEXPR up +9.88% to close at N0.89
  2. PRESTIGE up +6.52% to close at N 49
  3. CHAMS up +4.76% to close at N0.22
  4. SOVRENINS up +3.85% to close at N0.27
  5. AIICO up +3.20% to close at N1.29

Top losers

  1. SUNUASSUR down -9.62% to close at N0.47
  2. ROYALEX down -9.33% to close at N0.68
  3. REGALINS down -8.11% to close at N0.34
  4. STERLNBANK down -7.69% to close at N1.56
  5. LINKASSURE down -7.06% to close at N0.60

Outlook

Nigeria’s stock market has seen 4 bearish turns this week. On Thursday, 19 losers outweighed 18 gainers.

Nairametrics advises cautious buying in this era of growing uncertainties.

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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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