CAP and Access bolster the surge of Nigerian stocks

CAP and Access bolster the surge of Nigerian stocks

Nigeria’s stock exchange market closed today’s trading session posting gains that increased the index by +80.28 points. The All-Share Index increased by +0.21% closing at 37,947.18 from 37,866.90 index points.

• The stock exchange market value currently stands at N19.78 trillion. Its Year-to-Date (YTD) returns currently stands at -5.77%.
• The market breadth closed positive as CAP led 13 Gainers, and 16 Losers topped by CHIPLC at the end of today’s session.
• The stock market has declined -2,323.54 basepoints since the start of the year.

NGX ASI top gainers

1. CAP up +9.47% to close at N20.80
2. UCAP up +3.17% to close at N6.50
3. OANDO up +2.81% to close at N3.29
4. ACCESS up +2.22% to close at N9.20
5. JAPAULGOLD up +2.00% to close at N0.51

NGX ASI top losers

1. CHIPLC down -9.23% to close at N0.59
2. FTNCOCOA down -8.89% to close at N0.41
3. UNITYBNK down -8.47% to close at N0.54
4. ABCTRANS down -8.33% to close at N0.33
5. REGALINS down -8.16% to close at N0.45

Outlook

• Market sentiments trend bearish as 13 gainers were surpassed by 16 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties.

Source: Nairametrics

#CAP #Access #bolster #surge #Nigerian #stocks

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