WED MAY 22 2024-theGBJournal| Sentiments turned bearish in the domestic stock market on Wednesday as sell pressures in ZENITHBANK (-4.6%) and GTCO (-3.6%) caused a 0.2% decline in the All-Share Index to 98,129.16 points.
Consequently, the Month-to-Date and Year-to-Date returns settled at -0.1% and +31.2%, respectively.
The total trading volume increased by 21.9% to 271.71 million units, valued at N5.43 billion, and exchanged in 7,383 deals.
ACCESSCORP was the most traded stock by volume at 35.58 million units, while GTCO was the most traded stock by value at N1.35 billion.
Analysing by sectors, the Banking (-2.0%) and Insurance (-0.9%) indices declined, while the Consumer Goods and Oil & Gas indices closed flat. The Industrial Goods (+0.2%) index was the sole gainer for the day.
As measured by market breadth, market sentiment was negative (0.7x), as 21 tickers lost relative to 15 gainers. MULTIVERSE (-9.8%) and CORNERST (-9.5%) recorded the most significant losses of the day, while TANTALIZER (+8.0%) and WAPIC (+7.8%) topped the gainers’ list.
The naira appreciated by 0.2% to N1,462.59/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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