TUE, JULY 18 2023-theGBJournal |The NGX All-Share Index notched a 1.3% gain to close at 63,766.72 points, pushing the Month-to-Date and Year-to-Date gains up by +4.6% and +24.4%, respectively, and extended yesterday’s positive trading following bargain buying in DANGCEM (+6.7%).
The total volume traded advanced by 22.4% to 868.80 million units, valued at NGN42.81 billion, and exchanged in 8,970 deals.
FCMB was the most traded stock by volume at 153.88 million units, while DANGCEM was the most traded stock by value at N35.81 billion.
On sectors, the Insurance (+4.3%), Industrial Goods (+3.6%), Consumer Goods (+0.7%), and Oil & Gas (+0.6%) indices advanced, while the Banking (-0.2%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (2.5x), as 49 tickers gained relative to 20 losers.
NPFMCRFBK (+10.0%) and NEM (+10.0%) topped the gainer’s list, while JAPAULGOLD (-10.0%) and FTNCOCOA (-9.8%) recorded the highest losses of the day.
Meanwhile, at the currency market the Naira appreciated by 7.1% to NGN742.93/USD at the I&E window. At the stil-existing parralel market the local currency exchanged at N820/US$.
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