Stock market trends bearish amid surge in TRIPPLEG, REGALINS

The stock exchange market made a bearish trend at the end of today’s trading session posting losses that decreased the index by -136.30points. The All-Share Index decreased by -0.36% closing at 37,857.89 index points.

• The stock exchange market value currently stands at N19.8 trillion down from N20.08 trillion. Its Year-to-Date (YTD) returns currently stand at -5.99%.
• The market breadth closed negative as TRIPPLEG led 16 Gainers, and 13 Losers topped by CWG at the end of today’s session.
• The stock market has declined -2,412.83 base points since the start of the year.

NGX ASI top gainers

1. TRIPPLEG up +9.89% to close at N1.00
2. REGALINS up +8.89% to close at N0.49
3. UPDC up +7.44% to close at N1.30
4. FTNCOCOA up +5.88% to close at N0.36
5. MBENEFIT up +5.00% to close at N0.42

NGX ASI top losers

1. CWG down -9.53% to close at N1.14
2. INTBREW down -5.66% to close at N5.00
3. CHAMPION down -3.23% to close at N2.10
4. FBNH down -2.60% to close at N7.50
5. MANSARD down -2.25% to close at N0.87

Outlook

• Market sentiments trend towards the bull as 16 gainers outweigh 13 losers.
• Nairametrics advises cautious buying in this era of growing uncertainties.