TUE 17 AUG, 2021-theGBJournal- The Nigerian equities market reversed yesterday’s loss following bargain-hunting in DANGCEM (+3.3%). Precisely, the All-Share Index inched higher by 0.1% to 39,550.36 points. Thus, Month-to-Date gain increased to +2.6%, while Year-to-Date loss moderated to -1.8%.
The total volume of trades declined by 21.6% to 110.77 million units, valued at NGN3.08 billion, and exchanged in 3,305 deals. TRANSCORP was the most traded stock by volume at 11.94 million units, while NESTLE was the most traded stock by value at NGN2.17 billion.
Performance across sectors was mixed, as the Consumer Goods (-4.6%), Insurance (-1.2%) and Oil and Gas (-0.2%) indices recorded declines while the Banking index closed flat. The Industrial Goods (+1.8%) index was the sole gainer.
As measured by market breadth, market sentiment was negative (0.9x), as 16 tickers lost, relative to 15 gainers. SCOA (-9.7%) and NESTLE (-9.1%) topped the losers’ list, while HONYFLOUR (+9.8%) and PHARMDEKO (+9.2%) recorded the most significant gains of the day.
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