TUE 04 JAN, 2022-theGBJournal– The local bourse kicked off the first trading session of the year on a positive note, following bargain hunting on BUACEMENT (+7.3%) stock. Thus, the All-Share Index advanced by 0.7% to 43,026.23 points. Accordingly, the Year-to-Date return printed +0.7% respectively.
The total volume of trades decreased by 52.4% to 216.65 million units, valued at NGN1.52 billion, and exchanged in 4,080 deals. CHAMS was the most traded stock by volume at 29.87 million units, while ZENITHBANK was the most traded stock by value at NGN696.47 million.
Analysing by sectors, the Consumer Goods (-0.9%), Oil & Gas (-0.5%) and Insurance (-0.4%) indices declined while the Industrial Goods (+3.0%) and Banking (+0.4%) indices posted gains.
As measured by market breadth, market sentiment was negative (0.7x) as 25 tickers lost relative to 17 gainers. ARDOVA (-10.0%) and VITAFOAM (-10.0%) closed limit up and topped the losers’ list while ACADEMY (+10.0%) and WEMABANK (+9.7%) recorded the most significant gains of the day.
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