Airtel led the sell-off in the Nigeria stock exchange market.

Nigeria’s stock exchange market made a bearish trend at the end of today’s trading session, posting losses that wiped out significant liquidity from the market. The All-Share Index decreased by -1.81% to close at 37,847.07 from 38,545.30.

• Nigeria’s Stock Exchange market value currently stands at N20.1 Trillion. Its Year-to-Date (YTD) returns currently stand at -6.02%.
• The market breadth closed negative today as FIDSON led 18 Gainers and AIRTELAFR topped the 23 Losers chart.
• Nigeria’s stock market has declined -2,423.65 basepoints since the start of the year.

NGX ASI Top gainers

1. FIDSON up +10.00% to close at N5.06
2. VITAFOAM up +9.68% to close at N13.60
3. REDSTAREX up +9.55% to close at N3.67
4. VERITASKAP up +9.09% to close at N0.24
5. CHAMS up +5.00% to close at N0.21

NGX ASI Top losers

1. AIRTELAFRI down -10.00% to close at N678.00
2. MBENEFIT down -7.32% to close at N0.38
3. CORNERST down -7.27% to close at N0.51
4. LEARNAFRCA down -6.48% to close at N1.01
5. IKEJAHOTEL down -6.19% to close at N0.91

Outlook

• Market sentiments trend towards the bears as 18 gainers were surpassed by 23 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties