WED 17 NOV, 2021-theGBJournal- Bearish sentiments resurfaced in the domestic bourse as investors took profit off GTCO (-2.3%), ACCESS (-2.3%) and FBNH (-1.6%).
Thus, the benchmark index declined by 0.2% to 43,349.90 points. Accordingly, the Month-to-Date and Year-to-Date gains moderated to +3.1% and +7.7%, respectively.
The total volume traded decreased by 37.5% to 264.79 million units, valued at NGN6.08 billion, and exchanged in 4,230.00 deals. FBNH was the most traded stock by volume at 68.61 million units, while NESTLE was the most traded stock by value at NGN2.97 billion.
Analysing by sectors, the Insurance (-0.9%), Oil & Gas (-0.8%), Consumer Goods (-0.7%), and Banking (-0.4%) indices recorded losses while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was negative (0.7x), as 21 tickers lost relative to 14 gainers. NEIMETH (-9.1%) and UNITYBNK (-8.5%) topped the losers’ list, while ABCTRANS (+10.0%) and CHAMS (+4.6%) recorded the most significant gains of the day.
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