WED 20 OCT, 2021-theGBJournal- The domestic bourse traded with positive sentiment as buying interest in FBNH (+3.8%) drove the NGX All-Share Index higher. Precisely, the ASI advanced by 0.3% to 41,249.71 points, with the Month-to-Date and Year-to-Date returns increasing to +2.6% and +2.4%, respectively.
The total volume of trades increased by 57.6% to 499.51 million units, valued at NGN5.08 billion, and exchanged in 5,998 deals. FBNH was the most traded stock by volume and value at 147.60 million units and NGN1.76 billion, respectively.
Sectoral performance was broadly negative, as the Oil & Gas (-0.4%), Consumer Goods (-0.2%) and Banking (-0.2%) indices declined. However, the Insurance (+0.6%) index increased while the Industrial Goods (+0.2%) index closed flat.
As measured by market breadth, market sentiment was positive (1.1x), as 19 tickers gained relative to 17 losers. GLAXOSMITH (+6.9%) and NPFMCRFBK (+5.9%) topped the gainers’ list, while PRESTIGE (-8.5%) and ACADEMY (-8.3%) recorded the most significant losses of the day.
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