WED, 02 DEC, 2020-theGBJournal- The local bourse retraced in today’s session as sell-offs of large caps NB (-7.1%), GUARANTY (-2.6%) and ZENITHBANK (-1.6%) caused the NSE ASI to record its first loss in seven consecutive trading sessions.
Consequently, the All-Share Index declined by 0.3% to 35,056.82 points. Accordingly, Month-to-Date and Year-to-Date gain moderated to 0.0% and 30.6%, respectively.
The total volume of trades increased by 19.7% to 368.97 million units, valued at NGN5.49 billion, and exchanged in 4,598 deals. ACCESS was the most traded stock by volume at 46.34 million units while GUARANTY was the most traded stock by value at NGN1.33 billion.
Sectoral performance was broadly negative, following losses in the Consumer Goods (-1.8%), Banking (-0.8%) and Oil & Gas (-0.7%) indices. The Insurance (+0.3%) index was the sole gainer of the day, while the Industrial Goods index was flat.
Market sentiment, as measured by market breadth, was negative (0.9x), as 22 tickers declined, relative to 19 gainers. CILEASING (-9.9%) and MANSARD (-9.7%) topped the losers’ list, while AIICO (+9.9%) and REGALINS (+9.1%) were the largest gainers of the day.-With Cordros Research
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