TUE, JULY 11 2023-theGBJournal |The Nigerian equities market sustained its bullish run Tuesday as buying interests in DANGCEM (+9.3%), and BUACEMENT (+6.6%) drove a 1.7% increase in the benchmark index.
As a result, the NGX ASI settled at 65,669.29 points, with the Month-to-Date and Year-to-Date returns increasing to +7.7% and +28.1%, respectively.
The total volume traded declined by 54.1% to 844.72 million units, valued at N9.41 billion, and exchanged in 8,922 deals. CHAMS was the most traded stock by volume at 91.71 million units, while GTCO was the most traded stock by value at NGN1.09 billion.
Sectoral performance was mixed, as the Industrial Goods (+7.5%) and Oil & Gas (+0.7%) indices recorded gains, while the Banking (-3.1%), Insurance (-2.4%), and Consumer Goods (-0.4%) indices printed losses.
As measured by market breadth, market sentiment was positive (1.1x), as 38 tickers gained relative to 34 losers.
OMATEK (+10.0%) and SOVRENINS (+10.0%) topped the gainer’s list, while CHIPLC (-10.0%) and CHAMPION (+9.9%) recorded the highest losses of the day.
Twitter-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com| govandbusinessj@gmail.com
