THUR 11 NOV, 2021-theGBJournal- Negative sentiments persisted in the local bourse as investors took profit off MTNN (-0.5%). The markdown on AIRTELAFRI contributed mainly to the lower NGX All-Share Index (ASI) value.
Consequently, the All-Share Index declined by 0.4% to 43,549.28 points. Accordingly, Month-to-Date and Year-to-Date gains moderated to +3.6% and +8.1%, respectively.
The total volume of trades declined by 57.1% to 161.31 million units, valued at NGN2.14 billion, and exchanged in 3.574 deals. FBNH was the most traded stock by volume at 28.16 million units, while MTNN was the most traded stock by value at NGN405.34 million.
Sectoral performance was broadly negative, as the Banking (-0.9%), Insurance (-0.9%), and Industrial Goods (-0.1%) indices declined. Elsewhere, the Consumer Goods and Oil & Gas indices closed flat.
As measured by market breadth, market sentiment remained negative (0.6x), as 18 tickers declined, relative to 10 gainers. CORNERST (-8.8%) and CUTIX (-8.1%) topped the losers’ list, while UNITYBNK (+7.3%) and FTNCOCOA (+5.0%) recorded the most significant gains of the day.
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