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Bulls gain momentum as MBENEFIT, PORTPAINT lift NGX ASI  

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
June 24, 2021
in Markets, Stock Market
Bulls stage a comeback at Nigerian stock market
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Nigeria’s stock exchange market made a bullish trend at the end of today’s trading session, posting gains that inched the index higher by 149.89 points. The All-Share Index increased by +0.4% to close at 37,954.35.

  • Nigeria’s stock exchange market value currently stands at N19.1trillion. Its Year-to-Date (YTD) returns currently stand at -5.72%.
  • The market breadth closed positive as MBENEFIT led 19 Gainers, and 14 Losers topped by JULI at the end of today’s session.
  • The stock market has declined -2,316.37 basepoints since the start of the year.

NGX ASI top gainers

  1. MBENEFIT up +10.00% to close at N0.44
  2. PORTPAINT up +10.00% to close at N64
  3. LEARNAFRCA up +3.96% to close at N1.05
  4. ETERNA up +3.92% to close at N7.95
  5. OANDO up +3.45% to close at N3.00

NGX ASI top losers

  1. JULI down -9.56% to close at N1.23
  2. AIICO down -7.41% to close at N1.00
  3. CHAMS down -4.76% to close at N0.20
  4. CHAMPION down -2.44% to close at N2.00
  5. HONYFLOUR down -2.08% to close at N1.41

Outlook

  • Market sentiments trend towards the bulls as 19 gainers outweighed 14 losers.
  • Nairametrics advises cautious buying in this era of growing uncertainties.

Follow us for Breaking News and Market Intelligence.
Tags: AIICO Insurance - NewsMBENEFITNGX ASIPORTPAINT
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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