The Nigerian Stock Exchange market made another bearish end on Thursday, posting a loss at the end of the trading session. The All-Share Index decreased by -0.33% to close at 38,916.74 from the 39,045.13 index points which gives support to the loss recorded on Wednesday.
- The Nigerian Stock Exchange market value currently stands at N20.45 trillion (Ghs 309 billion) from N20.55 trillion (Ghs 310 billion). Its Year-to-Date (YTD) returns currently stand at -3.04% making a loss of N100 billion (Ghs 1.5 billion).
- The market breadth closed negative for the third time this week as UACN led 28 Gainers, and FTNCOCOA topped the 12 Losers chart, showing a consolidation as movement is uncertain.
Top gainers
- UACN up 10.0% to close at N9.90
- ROYALEX up 10.0% to close at N33
- JAPAULGOLD up 9.76% to close at N0.45
- CUTIX up 9.31% to close at N2.23
- LINKASSURE up 9.09% to close at N0.72
Top losers
- FTNCOCOA down 8.70% to close at N0.42
- NEM down 7.39% to close at N2.13
- UNITYBNK down 6.67% to close at N0.70
- REGALINS down 3.33% to close at N0.29
- LIVESTOCK down 2.60% to close at N1.87
Outlook
Nigerian stocks started the third trading session of the week bearish. Trading turnover on Wednesday’s trading session was boosted by UACN, ROYALEX and JAPAULGOLD.
- Market sentiments trend towards consolidation as 12 losers outweigh 28 winners.
- Nairametrics however, advises cautious buying in this era of growing uncertainties.
Source: nairametrics
Via: norvanreports
