The stock exchange market made a bullish trend at the end of today’s trading session posting gains that increased the index by +313.45points. The All-Share Index increased by +0.83% to close at 38,212.01.
- The stock exchange market value currently stands at N19.76 trillion. Its Year-to-Date (YTD) returns currently stand at -5.11%.
- The market breadth closed positive as NASCON led 23 Gainers, and 15 Losers topped by UPL at the end of today’s session.
- The stock market has declined -2,058.71 basepoints since the start of the year.
NGX ASI top gainers
- NASCON up +9.76% to close at N15.75
- IKEJAHOTEL up +9.59% to close at N1.60
- BERGER up +9.52% to close at N9.20
- ACADEMY up +9.38% to close at N0.35
- TRIPPLEG up +9.09% to close at N0.84
NGX ASI top losers
- UPL down -8.98% to close at N1.52
- LINKASSURE down -7.61% to close at N0.85
- FCMB down -7.46% to close at N3.10
- LASACO down -6.33% to close at N1.48
- FTNCOCOA down -6.06% to close at N0.31
Outlook
- Market sentiments trend towards the bulls as 23 gainers outweighed 15 losers.
- Nairametrics advises cautious buying in this era of growing uncertainties.
It is necessary investors profile institutions properly with their stockbrokers before embarking on any any buying decisions. Actually, it is important to buy when stocks make dips. With this said, you only buy dips you know would give good yields in the future most especially having considered the potentials of the companies for growth.