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Nigerian stock market loses Ghs 1.5 billion in a single day

5 years ago
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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
Tags: All-share IndexNigerian Stock Exchange marketYear-to-Date (YTD) returns
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