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Home Markets

Bulls take hold of the stock exchange market

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
June 29, 2021
in Markets, Stock Market
investors, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls boost global financial market, gold hits 7 years high, Dangote, Tier-1 banks lead the bulls to close Nigerian stock market green
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Profit-taking continues on the local bourse as market cap dips by N19 billion

NGX market cap dips further by over N100 billion amidst profit-taking

The stock exchange market made a bullish trend at the end of today’s trading session, posting gains that increased the index by 55.50 points. The All-Share Index increased by +0.15% to close at 37,640.75.

  • The stock exchange market value currently stands at N19.6Trillion. Its Year-to-Date (YTD) returns currently stands at -6.53%.
  • The market breadth closed negative as LINKASSURE led 28 Gainers, and 13 Losers topped by JAIZBANK 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. LINKASSURE up +10.00% to close at N0.77
  2. IKEJAHOTEL up +10.00% to close at N21
  3. CADBURY up +9.62% to close at N8.55
  4. HONYFLOUR up +9.46% to close at N1.63
  5. CHIPLC up +8.62% to close at N0.63

NGX ASI top losers

  1. JAIZBANK down -5.17% to close at N0.55
  2. VERITASKAP down -4.00% to close at N0.24
  3. UNITYBNK down -3.64% to close at N0.53
  4. PZ down -3.42% to close at N5.65
  5. FLOURMILL down -2.52% to close at N29.05

Outlook

  • Market sentiments trend towards the bulls as 23 gainers outweigh 13 losers.
  • Nairametrics however, advises cautious buying in this era of growing uncertainties

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Tags: LINKASSURENGX ASI

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