MON 02 AUG, 2021-theGBJournal- Nigeria equities rose on the first trading day of August as investors’ interest in bellwether MTNN (+1.8%), drove a 0.2% gain in the All-Share Index to 38,604.72 points. Consequently, the Year-to-Date loss moderated to -4.1%.
The total volume of trades declined by 36.9% to 244.29 million units, valued at NGN1.91 billion, and exchanged in 4,609 deals. TRANSCORP was the most traded stock by volume at 40.26 million units, while GTCO was the most traded stock by value at NGN229.52 million.
Analysing by sectors, the Oil & Gas (-0.6%), Industrial Goods (-0.6%), Consumer Goods (-0.4%) and Insurance (-0.3%) indices recorded declines while the Banking (+0.6%) index gained.
As measured by market breadth, market sentiment was negative (0.7x), as 24 tickers declined relative to 17 gainers. ETERNA (-10.0%) and NEIMETH (-9.7%) recorded the most significant losses of the day, while JBERGER (+8.9%) and NPFMCRBK (+8.0%) topped the gainers’ list.
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