MON 25 OCT, 2021-theGBJournal- The domestic equities market kicked off the week positively, sustaining last week’s bullish performance as investors’ demand for UNILEVER (+6.9%) and FBNH (+2.5%) drove the NGX All-Share Index higher. Precisely, the ASI advanced by 0.1% to 41,814.74 points, with the Month-to-Date and Year-to-Date returns increasing to +4.0% and +3.8%, respectively.
The total volume of trades increased by 32.2% to 674.50 million units, valued at NGN7.59 billion, and exchanged in 5,432 deals. FBNH was the most traded stock by volume and value at 350.54 million units and NGN4.35 billion, respectively.
Analysing by sectors, the Insurance (+1.9%), Consumer Goods (+0.4%), and Oil & Gas (+0.4%) indices recorded gains while the Banking (-0.2%) and Industrial Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was positive (1.4x), as 27 tickers gained relative to 19 losers. PZ (+9.3%) and MBENEFIT (+7.1%) topped the gainers’ list, while ABBEYBDS (-9.5%) and PRESTIGE (-8.5%) recorded the most significant losses of the day.
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