THUR 18 NOV, 2021-theGBJournal- The Nigerian equities market reversed yesterday’s loss as investors’ interest in AIRTELAFRI (+4.4%) drove the NGX ASI higher by 0.5% to 43,444.20 points. The Month-to-Date and Year-to-Date gains increased to +3.3% and +7.9%, respectively.
The total volume of trades increased by 44.4% to 423.83 million units, valued at NGN11.65 billion, and exchanged in 4,181 deals. FBNH was the most traded stock by volume at 223.58 million units, while NESTLE was the most traded stock by value at NGN5.64 billion.
On sectors, the Oil & Gas (-2.5%) and Consumer Goods (-0.4%) indices declined while the Insurance (+0.4%) and Banking (+0.1%) indices recorded gains. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was mixed (1.0x), as an equal number of tickers (17) gained and lost. CUTIX (+8.3%) and CORNERST (+7.7%) most significant gains of the day, while TOTAL (-10.0%) and MBENEFIT (-6.9%) topped the losers’ list.
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