THUR 20 JAN, 2022-theGBJournal- Bullish sentiments persisted in the domestic equities market for the third consecutive session, following buying interests in top cement player, DANGCEM (+5.5%).
Thus, the All-Share Index index inched higher by 1.0% to 45,890.52 points. Accordingly, the Year-to-Date return increased to +7.4%.
The total volume traded increased significantly by 245.3% to 873.49 million units, valued at NGN31.54 billion, and exchanged in 4,342 deals. DANGCEM was the most traded stock by volume and value at 101.92 million units and NGN28.78 billion, respectively.
Performance across sectors was mixed following gains in the Industrial Goods (+2.7%), Insurance (+0.5%), and Banking (+0.4%) indices and losses in the Consumer Goods (-0.2%) and Oil & Gas (-0.1%) indices.
As measured by market breadth, market sentiment was positive (3.0x) as 27 tickers gained relative to 9 losers. NNFM (+9.9%) and LEARNAFRCA (+9.3%) recorded the most significant gains of the day, while DANGSUGAR (-2.7%) and STANBIC (-2.7%) topped the losers’ list.
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