Emmanuel Ochayi
While the Nigerian stock market experienced a downturn with the All-Share Index (ASI) closing at 74,023.27 points, a decline of 0.36% from its previous high, certain stocks shone brightly amidst the overall market retreat.
Multiverse, Infinity, and Transcohort emerged as the top gainers in today’s trading session, showcasing impressive resilience. Multiverse surged by 10.00% to close at N13.97, Infinity climbed by 9.95% to close at N4.53, and Transcohort followed suit with a 10.00% increase, closing at N63.80.
Join our WhatsApp ChannelDespite the overall decline in market performance, these standout stocks demonstrated growth, attracting investor attention and contributing to today’s market dynamics.
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This marked resilience amid a bearish trend underlines the strong potential and appeal of these particular stocks.
Additionally, within the SWOOT category, where ZENITHBANK (-1.94%) and MTNN (-3.77%) faced losses, GTCO (+0.13%) managed a marginal gain. The mixed sentiment within this category echoed the broader market’s volatility.
Among tier-1 banks, negative trading sentiment prevailed, with ACCESSCORP (-0.43%), UBA (-1.54%), and ZENITHBANK (-1.94%) witnessing declines.
However, GTCO (+0.13%) bucked the trend by securing a marginal gain, while FBNH maintained its standing with no price change.
The trading session also saw fluctuations in volume and value. Despite a decrease in trading volume to 423.30 million units from the previous day’s 760.93 million units, there was an increase in trading value to N16.585 billion from N13.03 billion.
As the market grapples with volatility and fluctuations, investors closely monitor specific stocks that exhibit resilience and upward momentum, such as Multiverse, Infinity, and Transcohort, indicating areas of opportunity amid the broader market decline.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
