THUR 26 AUG, 2021-theGBJournal- The Nigerian equities market recovered from Wednesday’s mixed sentiments albeit with a bearish tilt, to trade positively Thursday.
The market gain was driven by investors’ interest in FBNH (+1.4%) and PRESCO (+0.6%). Consequently, the All-Share Index edged up by 0.1% to close at 39,477.18 points. Accordingly, the Month-to-Date gain increased to +2.4%, while the Year-to-Date loss moderated to -2.0%.
The total volume of trades decreased by 6.1% to 186.33 million units, valued at NGN1.79 billion, and exchanged in 3.595 deals. SOVERNINS was the most traded stock by volume at 19.67 million units, while MTNN was the most traded stock by value at NGN496.68 million.
Analysing by sectors, the Insurance (+2.3%), Oil & Gas (+0.2%) and Banking (+0.1%) indices recorded gains while the Consumer Goods and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was positive (2.4x), as 26 tickers gained, relative to 11 losers. ETERNA (+10.0%) and AIICO (+8.4%) recorded the most significant gains of the day, while IKEJAHOTEL (-10.0%) and SCOA (-9.4%) topped the losers’ list.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
