MON DEC 09 2024-theGBJournal| The Nigerian equities pulled back from last week’s gains Monday, with OANDO (-3.02%), and ACCESSCORP (-2.82%) shares struggling.
Investors focus on ZENITHBANK (+0.91%), FBNH (+0.19%) and STANBIC (+4.63%) shares was not enough to prevent the market from diving.
The All-Share Index consequently fell 0.1% to 98,107.52 points with the Month-to-Date and Year-to-Date returns settling at 0.6% and +31.2%, respectively.
The total volume of trades declined by 58.1% to 436.04 million units, valued at NGN12.86 billion, and exchanged in 9,489 deals.
FCMB was the most traded stock by volume at 61.65 million units, while ARADEL was the most traded stock by value at NGN3.53 billion.
On sectors, the Insurance (-1.2%), Industrial Goods (-0.5%), and Banking (-0.1%) indices recorded losses, while the Oil & Gas (+0.4%) index closed higher. The Consumer Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.5x), as 35 tickers lost relative to 18 gainers. NSLTECH (-10.0%) and GUINEAINS (-8.9%) topped the losers’ list, while GOLDBREW (+10.0%) and NGXGROUP (+10.0%) recorded the most significant gains of the day.
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