MON 01 NOV, 2021-theGBJournal- The Nigerian equities market started the week and month on a negative note as profit-taking witnessed in FBNH (-2.7%), GTCO (-0.9%), and ETI (-4.5%) caused a 0.2% decline in the benchmark index. Thus, the NGX ASI settled at 41,789.59 points. Consequently, the Year-to-Date gain moderated to +4.2%.
The total volume of trades declined by 66.5% to 378.15 million units, valued at NGN3.24 billion, and exchanged in 6,384 deals. MBENEFIT was the most traded stock by volume at 52.44 million units, while ZENITHBANK was the most traded stock by value at NGN339.72 million.
Sectoral performance was mixed, as the Oil & Gas (-1.8%), Banking (-0.4%), and Consumer Goods (-0.3%) indices declined, while the Insurance (+1.9%) and Industrial Goods (+0.1%) indices recorded gains.
As measured by market breadth, market sentiment was negative (0.7x), as 29 tickers lost relative to 20 gainers. ETERNA (-9.9%) and COURTVILLE (-9.1%) recorded the most significant losses of the day while FIDSON (+9.9%) and GUINNESS (+9.9%) topped the gainers’ list.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
