LASACO, AIICO Go Bearish As Stock Market Loss Deepens

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By Niyi Jacobs, Editor

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 CI LEASING 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 gainersCILEASING up +9.85% to close at N4.46ROYALEX up +8.82% to close at N 74 CHI PLC up +7.27% to close at N0.59 NEIMETH up +7.02% to close at N1.83 INITS PLC up +6.82% to close at N0.47 Top losers LASACO down -7.14% to close at N1.43 CHAMPION down -5.66% to close at N2.00 AIICO down -4.96% to close at N1.15 CHAMS down -4.76% to close at N0.20 MANSARD down -4.44% to close at N0.86

Market sentiments trend bearish as 17 losers are matched by 12 winners.

Business Echo Magazine/ ROTA Media however, advises cautious buying in this era of growing uncertainties.

Dew of Hermon
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