OANDO maintains bullish pace as Nigerian stocks enjoy profit

The stock exchange market made a bullish trend at the end of today’s trading session, posting gains that increased the index by +181.18 points.

The All-Share Index increased by +0.47% closing at 38,849.08 from 38,667.90 index points as Oando maintained a bullish pace for the third trading session in a row.

• The stock exchange market value currently stands at N20.2 trillion. Its Year-to-Date (YTD) returns currently stands at – 3.53%.
• The market breadth closed positive as OANDO led 29 Gainers, and 16 Losers topped by UNIVINSURE at the end of today’s session.
• The stock market has declined -1,421.64 basepoints since the start of the year.

NGX ASI top gainers

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1. OANDO up +9.82% to close at N4.36
2. FTNCOCOA up +9.76% to close at N0.45
3. ARDOVA up +9.75% to close at N17.45
4. BOCGAS up +9.74% to close at N8.45
5. LIVESTOCK up +9.64% to close at N2.16

NGX ASI top losers

1. UNIVINSURE down -9.09% to close at N0.20
2. LINKASSURE down -7.14% to close at N0.65
3. SOVRENINS down -6.90% to close at N0.27
4. AFRIPRUD down -6.52% to close at N6.45
5. REGALINS down -6.25% to close at N0.45

Outlook

• Market sentiments trend towards the bulls as 29 gainers outweigh 16 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties.