TUE, 15 NOV, 2022-theGBJournal| Bearish sentiments persisted in the local bourse as the NGX ASI dipped marginally by 2bps to close at 43,808.25 points. Today’s market performance was driven by the late sell-off on WAPCO (-9.7%) stocks. Consequently, the Month-to-Date loss and Year-to-Date gain remained at -0.1% and +2.6%, respectively.
The total volume traded declined by 44.7% to 103.42 million units, valued at NGN1.19 billion, and exchanged in 2,952 deals. FBNH was the most traded stock by volume at 11.39 million units, while BUAFOODS was the most traded stock by value at NGN221.59 million.
On sectors under our coverage, the Consumer Goods (+0.4%), Oil & Gas (+0.3%), and Banking (+0.2%) indices increased, while the Insurance (-1.1%) and Industrial Goods (-0.7%) indices closed lower.
As measured by market breadth, market sentiment was positive (1.1x) as 14 stocks gained relative to 13 losers. CWG (+10.0%) and LEARNAFRCA (+10.0%) topped the gainers’ list, while WAPCO (-9.7%) and ROYALEX (-9.4%) recorded the highest losses of the day.
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