ETERNA and ROYALEX soar amid plunge in NGX ASI

Nigeria’s stock exchange market made a bearish recovery as the trading session began this week. This plunge was bolstered by losses made by ENAMELWA and AFRIPRUD amongst others. The All-Share Index increased by +0.21% to close at 39,306.47.

Nigerian Stock Exchange market value currently stands at N20.49 Trillion. Its Year-to-Date (YTD) returns currently stand at -2.25%.
The market closed negative as ETERNA led 22 Gainers, and ENAMELWA topped 15 Losers.

Top gainers

ETERNA up +9.85% to close at N7.25
ROYALEX up +9.21% to close at N0.83
CAPHOTEL up +9.09% to close at N2.40
REGALINS up +8.82% to close at N0.37
STERLNBANK up +8.11% to close at N1.60

Top losers

ENAMELWA down -9.80% to close at N17.95
AFRIPRUD down -6.92% to close at N6.05
NPFMCRFBK down -6.42% to close at N1.75
WEMABANK down -5.17% to close at N0.55
MANSARD down -3.30% to close at N0.88

Outlook

Nigeria’s stock market reverted from its recovery as ENAMELWA and WAPCO bolstered the fall of NGX ASI at the end of the trading session today.

Market sentiments tend towards a bearish momentum as the NGX ASI closed with 22 Gainers and 15 losers.
Nairametrics advises cautious buying in this era of growing uncertainties.