MON, 27 JUNE, 2022-theGBJournal| The domestic equities market started the week’s trading on a positive note, as the All-Share Index closed higher by 0.5% to 51,962.85 points. Precisely, renewed demand for MTNN (+2.1%) stock supported the market’s performance. Accordingly, the Month-to-Date loss moderated to -1.9%, while the Year-to-Date returns increased to +21.7%.
The total volume of trades declined by 70.8% to 266.51 million units, valued at NGN2.60 billion, and exchanged in 5,050.00 deals. TRANSCORP was the most traded stock by volume at 31.80 million units, while SEPLAT was the most traded stock by value at NGN414.97 million.
Performance across sectors was broadly positive, as the Banking (+0.5%), Oil & Gas (+0.1%), and Consumer Goods (+0.1%) indices advanced, while the Industrial Goods index closed flat. The Insurance (-0.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.2x), as 18 tickers gained relative to 15 losers. ETI (+9.8%) and JOHNHOLT (+9.5%) recorded the highest gains of the day, while PZ (-10.0%) and ETERNA (-9.3%) topped the losers’ list.
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