Bulls gain momentum as MBENEFIT, PORTPAINT lift NGX ASI  

Nigeria’s stock exchange market made a bullish trend at the end of today’s trading session, posting gains that inched the index higher by 149.89 points. The All-Share Index increased by +0.4% to close at 37,954.35.

• Nigeria’s stock exchange market value currently stands at N19.1trillion. Its Year-to-Date (YTD) returns currently stand at -5.72%.
• The market breadth closed positive as MBENEFIT led 19 Gainers, and 14 Losers topped by JULI at the end of today’s session.
• The stock market has declined -2,316.37 basepoints since the start of the year.

NGX ASI top gainers

1. MBENEFIT up +10.00% to close at N0.44
2. PORTPAINT up +10.00% to close at N64
3. LEARNAFRCA up +3.96% to close at N1.05
4. ETERNA up +3.92% to close at N7.95
5. OANDO up +3.45% to close at N3.00

NGX ASI top losers

1. JULI down -9.56% to close at N1.23
2. AIICO down -7.41% to close at N1.00
3. CHAMS down -4.76% to close at N0.20
4. CHAMPION down -2.44% to close at N2.00
5. HONYFLOUR down -2.08% to close at N1.41

Outlook

• Market sentiments trend towards the bulls as 19 gainers outweighed 14 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties.