TUE, OCT 17 2023-theGBJournal| Nigerian equities market reversed Monday’s loss as the All-Share Index inched higher by 0.4% to 67,326,12 points.
Today’s market performance was supported by bargain hunting activities in STANBIC (+5.6%), DANGSUGAR (+3.8%), and ACCESSCORP (+5.0%).
Accordingly, the Month-to-Date and Year-to-Date returns increased to +1.4% and +31.4%, respectively.
The total volume traded increased by 74.9% to 377.97 million units, valued at NGN5.17 billion, and exchanged in 6,729 deals. ETRANZACT was the most traded stock by volume at 44.07 million units, while UBA was the most traded stock by value at N796.36 million.
Analysing across the sectors, the Banking (+2.8%), Insurance (+0.2%), and Industrial Goods (+0.1%) indices recorded gains, while the Oil & Gas and Consumer Goods indices closed flat.
As measured by market breadth, market sentiment was positive (1.2x), as 27 tickers gained relative to 22 losers. JBERGER (+10.0%) and CWG (+9.8%) topped the gainers’ list, while MULTIVERSE (-9.5%) and UNITYBNK (-9.0%) recorded the most significant losses of the day.
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