HONYFLOUR escapes sell-off as NGX All-Share Index dips

Nigeria’s stock exchange market made a bearish trend at the end of today’s trading session posting losses which dropped the index lower by -296.09 points. The All-Share Index decreased by -0.78% to close at 37,658.26.

• The stock exchange market value currently stands at N19.79 trillion. Its Year-to-Date (YTD) returns currently stand at -6.49%.
• The market breadth closed negative as HONYFLOUR led 25 Gainers, and 10 Losers topped by NPFMCRFBK at the end of today’s session.
• The stock market has declined -2,612.46 basepoints since the start of the year.

NGX ASI top gainers

1. HONYFLOUR up +9.93% to close at N1.55
2. FIDSON up +9.88% to close at N56
3. UPL up +9.87% to close at N1.67
4. LINKASSURE up +8.33% to close at N0.65
5. SOVRENINS up +8.00% to close at N0.27

NGX ASI top losers

1. NPFMCRFBK down -8.47% to close at N1.73
2. UBN down -7.76% to close at N5.35
3. MBENEFIT down -4.55% to close at N0.42
4. ETERNA down -4.40% to close at N7.60
5. DANGCEM down -3.91% to close at N221.00

Outlook

• Market sentiments trend towards the bulls as 25 gainers outweigh 10 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties.