THUR 16 SEPT, 2021-theGBJournal-In today’s session, the local bourse reversed yesterday’s gain as sell-offs of FBNH (-1.3%) and WAPCO (-2.2%) triggered a decline in the NGX All-Share Index.
Precisely, the ASI closed 0.2% lower at 38,911.31 points, with the Month-to-Date and Year-to-Date losses increasing to -0.8% and -3.4%, respectively.
The total volume of trades declined by 7.9% to 130.20 million units, valued at NGN1.43 billion, and exchanged in 2,962 deals. ACCESS was the most traded stock by volume and value at 24.78 million units and NGN230.26 million, respectively.
Across sectors, losses in the Oil & Gas (-0.6%), Consumer Goods (-0.4%), Banking (-0.3%) and Industrial Goods (-0.1%) indices reflected the overall market performance. The Insurance (+0.5%) index was the sole gainer today.
As measured by market breadth, market sentiment was negative (0.6x), as 16 tickers lost, relative to 9 gainers. ETERNA (-9.4%) and SCOA (-9.4%) recorded the most significant losses of the day, while UNITYBNK (+9.6%) and FTNCOCOA (+8.7%) topped the gainers’ list.
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