WED 03 NOV, 2021-theGBJournal- Bearish sentiment resurfaced in the domestic equities market as investors took profit off ZENITH (-2.0%), WAPCO (-2.6%) and GTCO (-1.1%). Thus, the benchmark index declined by 0.1% to 41,975.45 points. Accordingly, the Month-to-Date loss increased to -0.2% while the Year-to-Date gain moderated to +4.2%.
The total volume of trades decreased by 37.2% to 292.94 million units, valued at NGN2.06 billion, and exchanged in 4,899 deals. FBNH was the most traded stock by volume and value at 59.61 million units and NGN614.76 million, respectively.
Sectorial performance was broadly negative as the Insurance (-1.5%), Banking (-1.0%), Industrial Goods (-0.2), and Oil & Gas (-0.1%) indices recorded losses while the Consumer Goods (+0.1%) index gained.
As measured by market breadth, market sentiment was negative (0.7x), as 18 tickers lost relative to 13 gainers. LASACO (-9.4%) and CHAMS (-8.3%) topped the losers’ list, while MULTIVERSE (+10.0%) and UNIVINSURE (+10.0%) recorded the most significant gains of the day.
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