MON 15 NOV, 2021-theGBJournal- Trading in the local bourse kicked off the week with bearish sentiments as investors took profit off UBA (-3.0%) and MTNN (-0.5%).
Thus, the benchmark index declined by 0.1% to 43,230.34 points. Accordingly, the Month-to-Date and Year-to-Date gains moderated to +2.8% and +7.4%, respectively.
The total volume traded decreased by 6.8% to 293.43 million units, valued at NGN4.29 billion, and exchanged in 4,239.00 deals. FBNH was the most traded stock by volume and value at 101.22 million units and NGN1.24 billion, respectively.
Analysing by sectors, the Oil & Gas (+0.1%), Insurance (+0.1%), and Consumer Goods (+0.1%) indices recorded gains while the Banking (-0.4%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 18 tickers gained relative to 14 losers. CUTIX (+9.9%) and LIVESTOCK (+9.5%) topped the gainers’ list, while VERITASKAP (-8.7%) and FTNCOCOA (-6.8%) recorded the most significant losses of the day.
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