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Home Markets

NEM, COURTVILLE surge as NGX ASI plunges

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
July 8, 2021
in Markets, Stock Market
Bulls win Grand Slam in Nigeria’s stock market
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The stock exchange market made a bearish trend at the end of today’s trading session posting losses that decreased the index by -31.44 points. The All-Share Index decreased by -0.08% to close at 38,469.87.

  • The stock exchange market value currently stands at N20.08 trillion. Its Year-to-Date (YTD) returns currently stands at -4.47%.
  • The market breadth closed negative as NEM led 12 Gainers, and 16 Losers topped by PRESTIGE at the end of today’s session.
  • The stock market has declined -1,800.85 basepoints since the start of the year.

NGX ASI top gainers

1. NEM up +10.00% to close at N2.20
2. COURTVILLE up +9.52% to close at N0.23
3. NAHCO up +5.71% to close at N2.59
4. CAVERTON up +4.42% to close at N1.89
5. TRANSCORP up +4.40% to close at N0.95

NGX ASI top losers

1. PRESTIGE down -10.00% to close at N0.45
2. PHARMDEKO down -9.70% to close at N1.21
3. UPL down -7.88% to close at N1.52
4. WAPIC down -5.08% to close at N0.56
5. MBENEFIT down -4.65% to close at N0.41

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Outlook

  • Market sentiments trend towards the bears as 12 gainers were surpassed by 16 losers.
  • Nairametrics advises cautious buying in this era of growing uncertainties.

Follow us for Breaking News and Market Intelligence.
Tags: CourtvilleNEM InsuranceNGXStock Exchange market
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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