MON 18 OCT, 2021-theGBJournal- Trading in the domestic bourse started the week with bearish sentiments as profit-taking activities in bellwether stocks – MTNN (-2.9%) and NESTLE (-5.1%) dragged the All-Share index lower.
The NGX ASI consequently declined by 0.7% to close at 41,144.67 points, and the Month-to-Date and Year-to-Date return settled at +2.3% and +2.2%, respectively.
The total volume of trades decreased by 56.5% to 317.05 million units, valued at NGN3.76 billion, and exchanged in 5,721 deals. FBNH was the most traded stock by volume and value at 67.61 million units and NGN832.80 million, respectively.
Analysing by sectors, the Banking (+0.4%) and Industrial Goods (+0.3%) recorded gains while the Consumer Goods (-2.5%), Insurance (-1.7%), and Oil & Gas (-0.3%) indices declined.
As measured by market breadth, market sentiment was negative (0.9x), as 20 tickers lost relative to 18 gainers. MAYBAKER (-8.0%) and ROYALEX (-7.8%) topped the losers’ list, while IKEJAHOTEL (+9.5%) and CUSTODIAN (+7.3%) recorded the most significant gains of the day.
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