MON 29 NOV, 2021-theGBJournal- Trading in the local bourse kicked off the week with negative sentiments as investors sold off INTEBREW (-4.0%) and ZENITHBANK (-0.6%). Thus, the benchmark index declined by 0.1% to 43,270.94 points. Accordingly, the Month-to-Date and Year-to-Date gains moderated to +2.9% and +7.5%, respectively.
The total volume of trades declined by 30.2% to 213.13 million units, valued at NGN2.36 billion, and exchanged in 4,105 deals. FCMB was the most traded stock by volume at 58.45 million units, while AIRTELAFRI was the most traded stock by value at NGN679.79 million.
Analysing by sectors, the Oil & Gas (-0.6%), Consumer Goods (-0.2%), and Banking (-0.2%) indices declined while the Insurance (+0.8%) index was the sole gainer of the day. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 20 tickers lost relative to 12 gainers. UPDCREIT (-9.9%) and CHIPLC (-7.3%) topped the losers’ list, while AIICO (+8.6%) and VERITASKAP (+4.8%) recorded the most significant gains of the day.
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