MEYER, JBERGER soar amid fall in FIDSON, LASACO

Nigeria’s stock exchange market made a bearish trend at the end of today’s trading session, posting losses. The All-Share Index decreased by -0.27% to close at 38,545.30 from 38,648.91.

• The market value of the stock exchange currently stands at N20.15 trillion. Its Year-to-Date (YTD) returns currently stands at -4.28%.
• The market breadth closed positive today as MEYER led 18 Gainers, and 17 Losers topped by FIDSON at the end of today’s session.
• Compared with the previous NGX trading day, today’s data shows 38% improvement in volume, 81% improvement in turnover, but a 9% decline in deals.

Top gainers

1. MEYER up +8.77% to close at N0.62
2. CHAMPION up +6.06% to close at N10
3. JBERGER up +4.71% to close at N20.00
4. REGALINS up +4.00% to close at N0.52
5. IKEJAHOTEL up +3.19% to close at N0.97

Top losers

1. FIDSON down -9.80% to close at N4.60
2. LASACO down -9.33% to close at N1.36
3. FTNCOCOA down -9.09% to close at N0.30
4. MBENEFIT down -8.89% to close at N0.41
5. CORNERST down -5.17% to close at N0.55

Outlook

• Market sentiments trend towards the bulls as 18 gainers outweighed 17 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties.