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CAPHOTEL, OANDO escape the bears as NGX ASI dips by over N5 billion

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The stock exchange market made a bearish trend at the end of today’s trading session, posting losses that decreased the index by -11.12 points, as market capitalization decreased by N5.79 billion.

  • The stock exchange market value currently stands at N20.21 trillion. Its Year-to-Date (YTD) returns currently stands at –3.67%.
  • The market breadth closed at a stalemate as CAPHOTEL led 18 Gainers, and 24 Losers topped by TRIPPLEG at the end of today’s session.
  • The stock market has declined -1,479.69 basepoints since the start of the year.

NGX ASI top gainers

  • CAPHOTEL up +9.85% to close at N2.90
  • OANDO up +9.81% to close at N5.26
  • BOCGAS up +8.88% to close at N9.20
  • FTNCOCOA up +8.16% to close at N0.53
  • LIVESTOCK up +4.80% to close at N2.40

NGX ASI top losers

  • TRIPPLEG down -10.00% to close at N0.90
  • CHIPLC down -10.00% to close at N0.54
  • PHARMDEKO down -9.92% to close at N1.09
  • REGALINS down -6.82% to close at N0.41
  • ETERNA down -6.58% to close at N7.10

Outlook

  • Market sentiments trend towards the bears as 18 gainers was surpassed by 24 losers.
  • Nairametrics advises cautious buying in this era of growing uncertainties.

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