MON 20 SEPT, 2021-theGBJournal- Activities in the domestic bourse resumed the week negatively following selloffs in Tier-1 Banks – GTCO (-2.5%) and ZENITHBANK (-1.3%). Accordingly, the All-Share Index ended the session 0.1% lower at 38,906.42 points. Consequently, the Month-to-Date and Year-to-Date losses increased to -0.8% and -3.4%, respectively.
The total volume of trades increased by 23.1% to 190.96 million units, valued at NGN2.35 billion, and exchanged in 3,462 deals. EKOCORP was the most traded stock by volume at 40.00 million units, while MTNN was the most traded stock by value at NGN752.67 million, respectively.
Analysing by sectors, the Insurance (-0.7%), Banking (-0.3%), and Consumer Goods (-0.2%) indices declined, while the Oil & Gas (+0.1%) recorded the sole gain of the day. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was flat (1.0x), as an equal number of tickers (18) recorded gains and declines. CHIPLC (+9.6%) and CHAMS (+9.5%) topped the gainers’ list, while SCOA (-9.7%) and VERITASKAP (-8.7%) recorded the most significant losses of the day.
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