19 JAN, 2021-theGBJournal- The local bourse extended yesterday’s loss, as investors sold off BUACEMENT (-1.1%), ACCESS (-3.7%) and UBA (-2.2%) stocks. As a result, the All-Share Index declined by 0.1% to 41,051.63 points. Consequently, Month-to-Date and Year-to-Date returns moderated to +1.9%.
The total volume of trades declined by 28.9% to 525.01 million units, valued at NGN5.34 billion, and exchanged in 5,965 deals. TRANSCORP was the most traded stock by volume at 42.94 million units, while BUACEMENT was the most traded stock by value at NGN2.05 billion.
Analysing by Sectors, the Insurance (+6.3%) and Consumer Goods (+0.6%) indices recorded gains, while the Banking (-0.7%), Oil & Gas (-0.5%) and Industrial Goods (-0.4%) indices declined.
Market sentiment, as measured by market breadth, was positive (2.2x), as 43 tickers gained, relative to 20 losers. PRESTIGE (+10.0%) and UNIONDAC (+10.0%) topped the gainers’ list, while ARDOVA (-8.6%) and FTNCOCOA (-8.3%) recorded the largest losses of the day.
Twitter-@theGBJournal|email: info@govandbusinessjournal.com.ng
