TUE 27 JULY, 2021-theGBJournal-Sentiments in the domestic bourse turned negative, as sell-off of bellwether stock – MTNN (-6.7%) triggered a 0.1% decline in the All-Share Index to 38,802.15 points. Consequently, the Month-to-Date gain moderated to +2.4%, while the Year-to-Date loss increased to -3.7%.
The total volume of trades declined by 1.4% to 243.09 billion units, valued at NGN1.90 billion, and exchanged in 4,326 deals. ACCESS was the most traded stock by volume at 21.77 million units, while MTNN was the most traded stock by value at NGN220.40 million.
Analysing by sectors, the Oil & Gas (+2.0%), Banking (+0.2%), and Consumer Goods (+0.1%) indices gained while the Industrial Goods and Insurance indices closed flat.
As measured by market breadth, market sentiment was flat (1.0x), as an equal number (19) of tickers gained relative to losers. OANDO (+9.9%) and CHAMPION (+9.0%) recorded the most significant gains of the day, while UPDCREIT (-6.7%) and UNITYBNK (-6.5%) topped the losers’ list.
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