IKEJAHOTEL and ROYALEX bolster NGX ASI bullish recovery

Nigeria’s stock exchange market posted profit at the end of today’s trading session. The All-Share Index increased by +0.56% to close at 38,256.95 from 38,044.58.

• The Nigerian Stock Exchange market value currently stands at N19.95 Trillion. Its Year-to-Date (YTD) returns currently stands at -5.00%.
• The market breadth closed positive as IKEJAHOTEL led 31 Gainers, and ACADEMY topped 14 Losers at the end of today’s session, showing a movement trending to the bulls.

Top gainers

1. IKEJAHOTEL up +10.00% to close at N1.10
2. ROYALEX up +9.46% to close at N0.81
3. NEIMETH up +9.30% to close at N1.88
4. JAPAULGOLD up +9.26% to close at N0.59
5. MBENEFIT up +9.09% to close at N0.49

Top losers

1. ACADEMY down -8.33% to close at N0.33
2. LASACO down -7.69% to close at N1.44
3. JOHNHOLT down -7.35% to close at N0.63
4. PRESCO down -3.80% to close at N75.90
5. BUACEMENT down -3.03% to close at N72.00

Outlook

• Market sentiments trend bullish as 14 losers were surpassed by 31 gainers.
• Nairametrics, however, advises cautious buying in this era of growing uncertainties