Nigerian protections trade benefits N36 billion today

The Nigerian Stock Exchange market recovered from Wednesday’s loss posting a massive profit of N36 billion at the end of today’s trading session. The All-Share Index increased by +1.75% to close at 38,461.20.

  • Nigerian Stock Exchange market value currently stands at N20.66 trillion. Its Year-to-Date (YTD) returns currently stand at -2.01%.
  • The market breadth closed positive in the green as JBERGER led 24 Gainers, and 19 Losers were topped by CWG at the end of today’s session showing a consolidation.
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Top gainers

  1. JBERGER up +10.0% to close at N20.90
  2. FIDSON up +10.00% to close at N 28
  3. EKOCORP up +9.26% to close at N5.90
  4. CHIPLC up +9.09% to close at N0.36
  5. ROYALEX up +8.89% to close at N0.49

Top losers

  1. CWG down -9.84% to close at N2.29
  2. MBENEFIT down -7.50% to close at N0.37
  3. FBNH down -6.76% to close at N6.90
  4. WAPIC down -3.85% to close at N0.50
  5. HONYFLOUR down -3.76% to close at N1.28

Outlook

The stock market saw a recovery as predicted by analysts. The NSE ASI is expected to maintain the bullish momentum until the end of the week, analysts predict.

  • Market sentiments trend towards bulls as 19 losers did not outweigh 25 winners.
  • Nairametrics advises cautious buying in this era of growing uncertainties.

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