THUR 21 OCT, 2021-theGBJournal- Bullish sentiments persisted in the Nigerian equities market, as investors’ interests in bellwethers – BUACEMENT (+6.1%), MTNN (+1.2%) and AIRTELAFRI (+1.3%) led the NGX All-Share Index to close 1.1% higher at 41,704.11 points. Consequently, Month-to-Date and Year-to-Date gains increased to +3.7% and +3.6%, respectively.
The total volume of trades declined by 56.7% to 216.19 million units, valued at NGN3.38 billion, and exchanged in 4,272 deals. FBNH was the most traded stock by volume at 51.92 million units, while AIRTELAFRI was the most traded stock by value at NGN722.16 million.
Performance across sectors was broadly positive as all sectors under our coverage – Industrial Goods (+2.2%), Insurance (+1.6%), Consumer Goods (+1.5%) and Banking (+0.2%) – save for the Oil & Gas (-0.4%) index recorded gains.
As measured by market breadth, market sentiment was positive (1.4x), as 23 tickers gained relative to 16 losers. CUTIX (+10.0%) and NGXGROUP (+9.8%) recorded the most significant gains while NIEMETH (-4.9%) and UNIVINSURE (-4.8%) topped the losers’ list.
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