MON 16 AUG, 2021-theGBJournal- Trading at the local bourse started the week marginally lower, as late sell-offs of CAP (-3.5%) triggered a 4bps decline in the All-Share Index to 39,505.40 points. Consequently, Month-to-Date and Year-to-Date returns printed +2.5% and -1.9%, respectively.
The total volume of trades declined by 25.2% to 141.28 million units, valued at NGN1.64 billion, and exchanged in 3,393 deals. ETRANZACT was the most traded stock by volume at 16.19 million units, while NESTLE was the most traded stock by value at NGN491.95 million.
Across our sectoral coverage, the Banking (-0.7%), Oil & Gas (-0.3%) and Industrial Goods (-0.1%) indices declined, while the Insurance and Consumer Goods indices closed flat.
As measured by market breadth, market sentiment was positive (1.5x), as 23 tickers gained, relative to 15 losers. MRS (+9.9%) and MAYBAKER (+9.8%) recorded the most significant gains of the day, while ABCTRANS (-8.3%) and LASACO (-6.7%) topped the losers’ list.
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