Union Bank, LINKASSURE push NGX ASI into recovery

Nigerian stock exchange market made a bullish recovery on the last day of the week’s trading session. This surge was bolstered by gains made by UBN and LINKASSURE amongst others. The All-Share Index increased by +0.21% to close at 39,198.75 from 39,114.73.

• Nigerian Stock Exchange market value currently stands at N20.48 trillion. Its Year-to-Date (YTD) returns currently stand at -2.66%.
• The market breadth closed positive with the bulls as LINKASSURE led 25 Gainers, and 16 Losers topped by NEM, showing a hint of consolation.

Top gainers

1. LINKASSURE up +9.25% to close at N0.69
2. JOHNHOLT up +9.26% to close at N59
3. UBN up +9.09% to close at N5.40
4. ROYALEX up +8.33% to close at N0.65
5. CHIPLC up +8.33% to close at N0.39

Top losers

1. NEM down -9.50% to close at N1.81
2. COURTVILLE down -9.09% to close at N0.20
3. SUNUASSUR down -8.47% to close at N0.54
4. INITSPLC down -6.98% to close at N0.40
5. ETERNA down -6.89% to close at N5.81

Outlook

The market recovered from a week-long loss as it posts profit at the end of the trading session.

• Market sentiments tend toward bullish momentum as the NGX ASI closes with 25 Gainers and 16 losers.
• Nairametrics however, advises cautious buying in this era of growing uncertainties.