WED 15 SEPT, 2021-theGBJournal- The Nigerian equities market snapped its two-day mixed trading streak as investors’ interest in MTNN (+1.5%) underpinned a +0.1% increase in the All-Share index to 39,968.34 points. Accordingly, Month-to-Date and Year-to-Date losses moderated to -0.6% and -3.2%, respectively.
The total volume of trades decreased by 36.8% to 141.41 million units, valued at NGN2.97 billion, and exchanged in 3,079 deals. UNIVINSURE was the most traded stock by volume at 17.99 million units, while MTNN was the most traded stock by value at NGN1.01 billion.
Sectoral performance was broadly negative as three of our coverage indices – Oil and Gas (-2.0%), Insurance (-1.2%), and Banking (-0.4%) indices recorded declines. Elsewhere, the Consumer Goods and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was negative (0.9x), as 17 tickers lost, relative to 13 gainers. TRANSCOHOT (-10.0%) and CHIPLC (-9.4%) topped the losers’ list, while NNFM (+9.6%) and OANDO (+6.2%) recorded the most significant gains of the day.
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