WED, 09 DEC, 2020-theGBJournal-Negative sentiments persisted in the domestic equities market, as the NSE ASI fell by 4bps to 35,021.26 points. The All Share Index was dragged by profit-taking on FBNH (-0.7%), UBA (-0.6%) and ARDOVA (-8.7%) stocks. Consequently, Month-to-Date loss increased to -0.1% while Year-to-Date gain moderated to +30.5%.
The total volume traded decreased by 8.0% to 283.09 million units, valued at NGN3.42 billion, and exchanged in 3,855 deals. FBNH was the most traded stock by volume at 40.78 million units, while GUARANTY was the most traded stock by value at NGN1.08 billion.
Sectoral performance was broadly negative, as the Insurance (-1.0%), Oil & Gas (-0.4%) and Banking (-0.1%) indices recorded declines. The Industrial Goods and Consumer Goods indices closed flat.
Market sentiment, as measured by market breadth, was negative (0.6x), as 21 tickers declined, relative to 13 gainers. ROYALEX (-8.7%) and ARDOVA (-8.7%) topped the losers’ list, while FTNCOCOA (+8.8%) and UNIONDAC (+8.0%) recorded the largest gains of the day.
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