THURS. 01 DEC, 2022-theGBJournal| The Nigerian equities market traded marginally lower as a loss in MTNN (-1.6%) underpinned a 1bp decline in the All-Share Index to 47,656.64 points. Accordingly, the Year-to-Date return was unchanged at +11.6%.
The total volume traded increased by 61.6% to 172.90 million units, valued at N2.84 billion, and exchanged in 3,073 deals. FCMB was the most traded stock by volume at 49.80 million units, while MTNN was the most traded stock by value at N891.98 million.
Sectoral performance was mixed, as the Banking (+2.2%) and Consumer Goods (+0.8%) indices recorded gains, while the Insurance (-0.1%) and Oil & Gas (-0.1%) indices declined. The Industrial Goods index remained flat.
As measured by market breadth, market sentiment was mixed (1.0x), as an equal number of tickers (11) gained and lost.
UPDCREIT(+9.1%) and NB (+7.1%) recorded the most significant gains of the day, while HONYFLOUR (-7.9%) and RTBRISCOE (-7.4%) topped the losers’ list.
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