TUE 05 OCT, 2021-theGBJournal- The bullish momentum in the domestic bourse switched onto a higher gear as the benchmark index advanced by 1.2% to 40,716.66 points. Precisely, foreign investors interest in AIRTELAFRI (+6.3%) following its share buy-back plan buoyed the impressive performance. Consequently, the Month-to-Date and Year-to-Date returns increased to +1.2% and +1.1%, respectively.
The total volume of trades increased by 114.0% to 432.99 million units, valued at NGN3.13 billion, and exchanged in 4,377 deals. UNIVINSURE was the most traded stock by volume at 105.11 million units, while GTCO was the most traded stock by value at NGN721.39 million.
Across sectors, the Banking (+2.5%) and Oil & Gas (+0.8%) indices posted gains, while the Insurance (-2.6%) and Consumer Goods (-0.4%) indices declined. The Industrial Goods index was flat.
As measured by market breadth, market sentiment was positive (1.8x) as 31 tickers gained relative to 17 losers. FBNH (+9.8%) and PHARMDEKO (+9.7%) recorded the most significant gains, while UPL (-9.6%) and REGALINS (-8.9%) topped the losers’ list.-With Cordros Research
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