IKEJAHOTEL and ROYALEX bolster NGX ASI bullish recovery

IKEJAHOTEL and ROYALEX bolster NGX ASI bullish recovery

Nigeria’s stock exchange market posted profit at the end of today’s trading session. The All-Share Index increased by +0.56% to close at 38,256.95 from 38,044.58.

  • The Nigerian Stock Exchange market value currently stands at N19.95 Trillion. Its Year-to-Date (YTD) returns currently stands at -5.00%.
  • The market breadth closed positive as IKEJAHOTEL led 31 Gainers, and ACADEMY topped 14 Losers at the end of today’s session, showing a movement trending to the bulls.

Top gainers

  1. IKEJAHOTEL up +10.00% to close at N1.10
  2. ROYALEX up +9.46% to close at N0.81
  3. NEIMETH up +9.30% to close at N1.88
  4. JAPAULGOLD up +9.26% to close at N0.59
  5. MBENEFIT up +9.09% to close at N0.49

Top losers

  1. ACADEMY down -8.33% to close at N0.33
  2. LASACO down -7.69% to close at N1.44
  3. JOHNHOLT down -7.35% to close at N0.63
  4. PRESCO down -3.80% to close at N75.90
  5. BUACEMENT down -3.03% to close at N72.00

Outlook

  • Market sentiments trend bullish as 14 losers were surpassed by 31 gainers.
  • Nairametrics, however, advises cautious buying in this era of growing uncertainties
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