Tuesday, August 3, 2021
stock exchange

NASCON, IKEJAHOTEL lead gainers as stock market soars

The stock exchange market made a bullish trend at the end of today’s trading session posting gains that increased the index by +313.45points. The All-Share Index increased by +0.83% to close at 38,212.01.

  • The stock exchange market value currently stands at N19.76 trillion. Its Year-to-Date (YTD) returns currently stand at -5.11%.
  • The market breadth closed positive as NASCON led 23 Gainers, and 15 Losers topped by UPL at the end of today’s session.
  • The stock market has declined -2,058.71 basepoints since the start of the year.

NGX ASI top gainers

  1. NASCON up +9.76% to close at N15.75
  2. IKEJAHOTEL up +9.59% to close at N1.60
  3. BERGER up +9.52% to close at N9.20
  4. ACADEMY up +9.38% to close at N0.35
  5. TRIPPLEG up +9.09% to close at N0.84

NGX ASI top losers

  1. UPL down -8.98% to close at N1.52
  2. LINKASSURE down -7.61% to close at N0.85
  3. FCMB down -7.46% to close at N3.10
  4. LASACO down -6.33% to close at N1.48
  5. FTNCOCOA down -6.06% to close at N0.31

Outlook

  • Market sentiments trend towards the bulls as 23 gainers outweigh 15 losers.
  • Nairametrics however, advises cautious buying in this era of growing uncertainties.

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