TUE 07 SEPT, 2021-theGBJournal- Mixed trading persisted in the Nigerian equities market for most of the day, despite profit-taking activities in some banking stocks – GTCO (-0.9%), ETI (-4.6%), and UBA (-4.2%). Thus, the All-Share Index was unchanged at 39,251.29 points. Accordingly, Month-to-Date and Year-to-Date returns printed +0.1% and -2.5%, respectively.
The total volume of trades increased by 68.7% to 355.94 million units, valued at NGN2.87 billion, and exchanged in 4,241 deals. FBNH was the most traded stock by volume at 92.29 million units, while ACCESS was the most traded stock by value at NGN711.91 million.
Analysing by sectors, the Oil & Gas (+1.0%) and Consumer Goods (+0.5%) indices recorded gains while the Insurance (-0.9%) and Banking (-0.3%) indices declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 20 tickers lost, relative to 14 gainers. CORNERST (-8.8%) and UNIVINSURE (-4.8%) recorded the highest losses, while UCAP (+8.0%) and INTBREW (+7.5%) topped the gainers’ list.
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