Nigerian stocks slide slightly amid rising WEMABANK, LASACO

Nigerian stocks slide slightly amid rising WEMABANK, LASACO

The stock exchange market made a bearish trend at the end of today’s trading session, posting losses that decreased the index by –0.65 points. The All-Share Index decreased mildly by -0.0017% closing at 37,857.24 index points.

The stock exchange market value currently stands at N19.73 trillion down from N19.8 trillion. Its Year-to-Date (YTD) returns currently stand at -5.99%.The market breadth closed negative as NCR led 17 Gainers, and 13 Losers topped by IKEJAHOTEL at the end of today’s session.The stock market has declined -2,413.48 base points since the start of the year.NGX ASI top gainersNCR up +9.64% to close at N2.73WEMABANK up +9.46% to close at N0.81FTNCOCOA up +8.33% to close at N0.39NPFMCRFBK up +6.88% to close at N1.71LASACO up +6.67% to close at N1.60NGX ASI top losersIKEJAHOTEL down -9.09% to close at N1.40CUSTODIAN down -6.15% to close at N6.10JAPAULGOLD down -5.66% to close at N0.50MBENEFIT down -4.76% to close at N0.40FBNH down -4.00% to close at N7.20OutlookMarket sentiments trend towards the bull as 17 gainers outweigh 13 losers.Nairametrics advises cautious buying in this era of growing uncertainties.

Source: Nairametrics

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