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Nairametrics
Home Markets Equities Stock Market

ROYALEX and CHIPLC plunge amid rise in NGX ASI

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
June 1, 2021
in Stock Market
NGX closes positive with market capitalisation up by N533 billion
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Nigeria’s stock exchange market posted profit at the end of yesterday’s trading session. The All-Share Index increased by +0.47% to close at 38,437.88 from 38,256.95.

Nigeria’s stock exchange market value currently stands at N20.04 Trillion. Its Year-to-Date (YTD) returns currently stand at -4.55%.

The market breadth closed positive as MRS led 16 Gainers, and ROYALEX led 24 Losers at the end of the session, showing a movement trending to the bears.

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Top gainers

  • MRS up +9.57% to close at N12.60
  • VITAFOAM up +8.9% to close at N11.00
  • CHAMS up +5.00% to close at N0.21
  • PZ up +3.77% to close at N5.50
  • AIICO up +3.45% to close at N1.20

Top losers

  • ROYALEX down -9.88% to close at N0.73
  • CHIPLC down -9.59% to close at N0.66
  • NEIMETH down -8.51% to close at N1.72
  • MBENEFIT down -8.33% to close at N0.44
  • REGALINS down -8.16% to close at N0.45

Outlook

Market sentiments trend bullish as 24 losers were surpassed by 16 gainers.

Nairametrics advises cautious buying in this era of growing uncertainties.

 


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Tags: AIICO Insurance - NewsCHIPLCNGX ASINigerian Stock ExchangeROYALEX
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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