THUR 27 JAN, 2022-theGBJournal- The equities market reversed yesterday’s gains as investors took profits off DANGCEM (-8.5%). Consequently, the All-Share Index declined by 1.1% to 46,009.23 points. Accordingly, the Year-to-Date return moderated to +7.7%.
The total volume of trades declined by 15.1% to 279.44 million units, valued at NGN2.76 billion, and exchanged in 4,582 deals. UPDCREIT was the most traded stock by volume at 46.36 million units, while GTCO was the most traded stock by value at NGN409.66 million.
Analysing by sectors, the Industrial Goods (-3.3%), Insurance (-1.8%) and Oil & Gas (-0.5%) indices declined, while the Consumer Goods (+1.8%) and Banking (+1.1%) indices posted gains.
As measured by market breadth, market sentiment was positive (1.5x), as 26 tickers gained, relative to 17 losers. INTBREW (+10.0%) and GUINNESS (+10.0%) topped the gainer’s list, while NEM (-8.6%) and DANGCEM (-8.5%) recorded the most significant losses of the day.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com|
