Nigerian Stocks Exchange End Bullish Amid Drop In BOCGAS And BERGER

The stock exchange market made a bullish trend at the end of today’s trading session posting gains that increased the index by +83.27 points. The All-Share Index increased by +0.22% to close at 38,501.31 from 38,418.04.

• The stock exchange market value currently stands at N20.03 trillion. Its Year-to-Date (YTD) returns currently stand at -4.39%.
• The market breadth closed positive as CUTIX led 22 Gainers, and 13 Losers topped by BOCGAS at the end of today’s session.
• The stock market has declined -1,769.41 basepoints since the start of the year.

NGX ASI top gainers

• CUTIX up +10.00% to close at N3.63
• JOHNHOLT -PROP up +9.84% to close at N0.67
• UAC-PROP up +9.71% to close at N1.13
• TRIPPLEG up +8.33% to close at N0.91
• WAPIC up +5.36% to close at N0.59

NGX ASI top losers

• BOCGAS down -9.94% to close at N7.70
• BERGER down -9.64% to close at N8.90
• COURTVILLE down -4.55% to close at N0.21
• JAPAULGOLD down -3.92% to close at N0.49
• UNITYBNK down -3.51% to close at N0.55

Outlook

• Market sentiments trend towards the bulls as 22 gainers outweighed 13 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties.