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Foxxymobile Street Insider | Winners vs Losers — Market Retreat After Rate Cut
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35 days agoFoxxymobile Street Insider | Winners vs Losers — Market Retreat After Rate Cut
Winners
Dangote Sugar → ₦54.00 → ₦59.40 (+₦5.40, day’s strongest gainer).
Tier-1 Banks → GTCO (+₦1.00 @ ₦91.00), FBNH (+₦0.30 @ ₦31.00), AccessCorp (+₦0.10 @ ₦24.90).
Mid-tier names → FCMB (+₦0.20 @ ₦10.65), Cornerstone (+₦0.48 @ ₦6.48), Lasaco (+₦0.11 @ ₦3.00).
Liquidity Leaders → GTCO (₦2.08bn value traded), FBNH (₦1.42bn), Access (₦1.17bn).
Losers
Cadbury → ₦67.50 → ₦65.50 (-₦2.00, biggest drag).
May & Baker → ₦17.50 → ₦16.25 (-₦1.25).
Jaiz Bank → ₦4.50 → ₦4.30 (-₦0.20).
Insurance slip → AIICO (-₦0.06), Chams (-₦0.13), LinkAssure (-₦0.04).
Other dips → Legend Int’l (-₦0.50), Caverton (-₦0.25), JapaulGold (-₦0.07).
Street Insider Take: Despite the CBN’s 27.5% rate cut and Q2 GDP growth of 4.23%, sentiment stayed weak — 35 losers vs 16 gainers. Bulls clung to sugar + tier-1 banks, but broad profit-taking kept the tape red (-0.40%).