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Home Markets Equities Stock Market

OANDO maintains bullish pace as Nigerian stocks enjoy profit

Ubah Jeremiah IfeanyibyUbah Jeremiah Ifeanyi
2 years ago
in Stock Market
Nigerian banking stocks remain most liquid stocks, as investors gain N25.1 billion, DANGOTE CEMENT, OKOMUOIL and GUINNESS drag Nigerian Stock market down,  SEPLAT, GUINNESS, Breaks Nigerian Bourse Support Levels, Investors Lose N49 Billion  , Nigerian Exchange Closes Flat as Market Capitalization Sheds N2.44 billion
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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

  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.

Related

Tags: FTNCOCOAOandoUNIVINSURE

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