LASACO, AIICO go bearish as stock market plunges

LASACO, AIICO go bearish as stock market plunges

Nigeria’s stock market posted another loss at the end of today’s trading session. The All-Share Index decreased slightly by -0.08% to close at 38,256.76.

  • The stock exchange market value currently stands at N19.95 trillion. Its Year-to-Date (YTD) returns currently stands at -5%.
  • The market breadth closed negative as CILEASING led 17 Gainers, while 12 Loses were topped by LASACO at the end of today’s session showing a movement trending towards the bears.

Top gainers

  1. CILEASING up +9.85% to close at N4.46
  2. ROYALEX up +8.82% to close at N 74
  3. CHIPLC up +7.27% to close at N0.59
  4. NEIMETH up +7.02% to close at N1.83
  5. INITSPLC up +6.82% to close at N0.47

Top losers

  1. LASACO down -7.14% to close at N1.43
  2. CHAMPION down -5.66% to close at N2.00
  3. AIICO down -4.96% to close at N1.15
  4. CHAMS down -4.76% to close at N0.20
  5. MANSARD down -4.44% to close at N0.86

Outlook

  • Market sentiments trend bearish as 17 losers are matched by 12 winners.
  • Nairametrics however, advises cautious buying in this era of growing uncertainties
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