…The Consumer Goods (-0.5%), Banking (-0.4%), and Industrial Goods (-0.2%) indices declined, while the Insurance (+0.8%) index advanced
TUE JUNE 25 2024-theGBJournal| The NGX ASI finished Tuesday 0.1% down to 99,217.60 points, with the MTD and YTD returns printing -0.1% and +32.7%, respectively.
Sell pressures on DANGSUGAR (-5.7%) and WAPCO (-4.1%) helped push to index to red again.
The total volume of trades declined by 62.9% to 361.57 million units, valued at N6.16 billion, and exchanged in 8,511 deals.
TRANSCORP was the most traded stock by volume at 47.51 million units, while GTCO was the most traded stock by value at N1.65 billion.
The Consumer Goods (-0.5%), Banking (-0.4%), and Industrial Goods (-0.2%) indices declined, while the Insurance (+0.8%) index advanced. The Oil and Gas index remained unchanged.
As measured by market breadth, market sentiment was positive (1.1x), as 25 tickers gained relative to 23 losers.
OKOMUOIL (+10.0%) and JOHNHOLT (+9.8%) topped the gainers’ list, while OANDO (-9.8%) and UPL (-9.1%) recorded the highest losses of the day.
Meanwhile, the naira depreciated by 0.7% to N1,500.79/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM) as it continues to struggle for stability.
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