Amidst Profit Taking: Nigerian Breweries, Jaiz Bank Lose Out
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Nigerian stocks today, March 15, 2021, closed the trading session on a Bearish note. The All-Share Index (ASI) dropped by 0.22% to settle at 38,561.84 index points almost doubling the loss of Friday last week.
WAPIC (+10%) led the gainers for the day, while REGALINS (-9.96%) topped the losers.
Performance across sectors was bearish as 2 of the 5 indexes under our coverage trended bearishly while the industrial sector showed no gains or losses.
The banking index led laggards, down by -1.01% with the major loser being JAIZBANK (-4.62%).
Contrarywise, the oil and gas goods index, and Insurance closed as the gainer, up marginally by +0.66% and +1.98% respectively.
Top gainers
BERGER up 7.44% to close at N6.05
NEM up 7.88% to close at N2.1
NNFM up 9.73% to close at N6.2
SMURFIT up 8.33% to close at N0.26
WAPIC up 10.0% to close at N0.55.
Top losers
REGAINS down -9.09% to close at N0.3
LIVESTOCK down -8.50% % to close at N1.83
NB down -5.34% to close at N47
LASACO down -4.62% to close at N1.24
JAIZBANK down -4.62% to close at N0.62.
Outlook
Nigerian Stocks ended the first trading session south amid soaring oil prices.
Nigerian stocks are under pressure amid improvement in Nigerian debt instrument yields that include bonds and treasury bills.
Nairametrics envisages you seek the advice of a certified financial advisor when choosing stocks to buy.
