MORISON upsurges as Nigerian stocks fall

MORISON upsurges as Nigerian stocks fall

Nigeria’s stock exchange market made a bearish end on Tuesday posting a loss at the end of the session. The All-Share Index decreased by -0.06% to close at 38,414.37 index points.

The Nigerian Stock Exchange market value currently stands at N 20.03Trillion. Its Year-to-Date (YTD) returns currently stand at -4.61%.

The market breadth closed slightly negative for the second time this week as MORISON led 18 Gainers, and 17 Losers were topped by CHAMPION at the end of Tuesday’s session showing bearish momentum.

Top gainersMORISON up 9.57% to close at N1.03WAPIC up 9.43% to close at N 0.58UPL up 9.40% to close at N1.28CHIPLC up 9.09% to close at N0.72REGALINS up 8.89% to close at N0.49Top losersCHAMPION down 9.91% to close at N1.91JOHNHOLT down 7.94% to close at N0.58AFRIPRUD down 7.26 % to close at N5.75HONYFLOUR down 6.61% to close at N1.13CHAMS down 4.76 % to close at N0.20OutlookMarket sentiments trend towards consolidation as 17 losers were matched by 18 winnersNairametrics advises cautious buying in this era of growing uncertainties.

Source: Nairametrics

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