AIRTELAFRI, OKOMUOIL suffer loses amid gains by CWG, BERGER

Nigeria’s stock market made a bearish trend at the end of today’s trading session. The All-Share Index decreased by -1.66% to close at 38,507.29 from 39,156.28.

• The stock market value currently stands at N20.34 trillion. Its Year-to-Date (YTD) returns currently stands at -4.38%.
• The market breadth closed negative today as CWG led 19 Gainers, and 26 Losers topped by AIRTELAFRI at the end of today’s session.
• Compared with the previous NGX trading day, today’s data shows 83% improvement in volume, 59% improvement in turnover, and 12% improvement in deals.

Top gainers

1. CWG up +9.73% to close at N1.24
2. BERGER up +6.72% to close at N15
3. REDSTAREX up +4.19% to close at N3.23
4. NEM up +3.86% to close at N1.87
5. WAPIC up +3.64% to close at N0.57

Top losers

1. AIRTELAFRI down -10.00% to close at N753.30
2. OKOMUOIL down -9.44% to close at N105.50
3. CORNERST down -9.09% to close at N0.50
4. LEARNAFRCA down -8.00% to close at N0.92
5. LIVESTOCK down -4.74% to close at N1.81

Outlook

• Market sentiments trend towards the bears as 19 gainers surpassed 26 losers.
• Nairametrics however, advises cautious buying in this era of growing uncertainties.