Nigeria’s stock exchange market posted another loss at the end of the trading session yesterday. The All-Share Index decreased slightly by -0.49% to close at 38,044.58 from 38,256.76.

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  • The stock exchange market value currently stands at N19.84 trillion. Its Year-to-Date (YTD) returns currently stands at -5.53%.
  • The market breadth closed negative as MBENEFIT led 16 Gainers, while 22 Losers were topped by SOVRENIN, showing a movement trending to the bears.

Top gainers

  1. MBENEFIT up +7.34% to close at N0.44
  2. CUTIX up +7.14% to close at N25
  3. REGALINS up +7.14% to close at N0.45
  4. CHIPLC up +6.35% to close at N0.67
  5. CHAMPION up +6.00% to close at N2.12

Top losers

  1. SOVRENIN down -10.00% to close at N0.27
  2. ABCTRAN down -8.11% to close at N0.34
  3. ACADEMY down -7.69% to close at N0.36
  4. ROYALEX down -6.33% to close at N0.74
  5. WAPIC down -5.66% to close at N0.50

Outlook.

  • Market sentiments trend bearish as 22 losers outweighed 16 gainers.
  • Nairametrics advises cautious buying in this era of growing uncertainties
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