WED 06 OCT, 2021-theGBJournal- The Nigerian equities market traded positively for the third-straight session as bargain buying in FBNH (+7.8%) drove the All-Share Index higher. Precisely, the ASI advanced by 0.1% to 40,765.20 points, with the Month-to-Date and Year-to-Date returns increasing to +3.9% and +1.2%, respectively.
The total volume of trades declined by 7.5% to 400.65 million units, valued at NGN3.48 billion, and exchanged in 5,145 deals. FBNH was the most traded stock by volume and value at 108.74 million units and NGN1.07 billion, respectively.
Analysing by sectors, the Insurance (-0.7%), Consumer Goods (-0.2%) and Oil & Gas indices declined, while the Banking (+0.1%) and Industrial Goods indices posted gains.
As measured by market breadth, market sentiment was negative (0.9x), as 19 tickers lost relative to 18 gainers. PHARMDEKO (-6.0%) and ABCTRANS (-5.7%) topped the losers’ list while FBNH (+7.8%) and UPL (+7.4%) recorded the most significant gains.
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