THUR 03 FEB, 2022-theGBJournal- The local bourse reversed yesterday’s loss as buying interest in DANGCEM (+5.5%) drove the benchmark index higher. Precisely, the All-Share Index advanced by 0.9% to 47,329.80 points. Consequently, the Month-to-Date and Year-to-Date returns increased to 1.5% and 10.8%, respectively.
The total volume traded declined by 20.3% to 346.70 million units, valued at NGN3.83 billion, and exchanged in 4,952deals. FIDELITYBK was the most traded stock by volume at 55.94 million units, while GTCO was the most traded stock by value at NGN584.96 million.
Analysing by sectors, the Industrial Goods (+2.7%), Oil & Gas (+1.4%), and Insurance (+0.2%) indices posted gains, while the Banking (-0.5%) and Consumer Goods (-0.2%) indices declined.
As measured by market breadth, market sentiment was positive (1.2x), as 23 tickers gained relative to 19 losers. OANDO (+10.0%) and ACADEMY (+9.7%) topped the gainers’ list, while PHARMDEKO (-10.0%) and CHAMPION (-8.7%) recorded the most significant losses of the day.
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