ROYALEX and CHIPLC plunge amid rise in NGX ASI

Nigeria’s stock exchange market posted profit at the end of yesterday’s trading session. The All-Share Index increased by +0.47% to close at 38,437.88 from 38,256.95.

Nigeria’s stock exchange market value currently stands at N20.04 Trillion. Its Year-to-Date (YTD) returns currently stand at -4.55%.

The market breadth closed positive as MRS led 16 Gainers, and ROYALEX led 24 Losers at the end of the session, showing a movement trending to the bears.

Top gainers

• MRS up +9.57% to close at N12.60
• VITAFOAM up +8.9% to close at N11.00
• CHAMS up +5.00% to close at N0.21
• PZ up +3.77% to close at N5.50
• AIICO up +3.45% to close at N1.20

Top losers

• ROYALEX down -9.88% to close at N0.73
• CHIPLC down -9.59% to close at N0.66
• NEIMETH down -8.51% to close at N1.72
• MBENEFIT down -8.33% to close at N0.44
• REGALINS down -8.16% to close at N0.45

Outlook

Market sentiments trend bullish as 24 losers were surpassed by 16 gainers.

Nairametrics advises cautious buying in this era of growing uncertainties.