TUE 09 NOV, 2021-theGBJournal- The domestic bourse sustained yesterday’s positive trading, as the All-Share Index advanced by 1.1% to 43,730.55 points.
Today’s performance was supported by sustained buying interest in large caps — MTNN (+3.9%) and AIRTELAFRI (+2.6%). Consequently, the Month-to-Date and Year-to-Date gains increased to +4.0% and +8.6%, respectively.
The total volume of trades decreased by 35.5% to 280.71 million units, valued at NGN3.48 billion, and exchanged in 4,342 deals. STERLNBANK was the most traded stock by volume at 18.31 million units, while MTNN was the most traded stock by value at NGN1.08 billion.
Across sectors, gains in the Industrial Goods (+0.2%), Consumer Goods (+0.2%), Oil & Gas (+0.1%), and Banking (+0.1%) indices reflected the overall market performance. However, the Insurance (-0.3%) index declined.
As measured by market breadth, market sentiment was positive (1.5x) as 24 tickers gained relative to 16 losers. ABCTRANS (+10.0%) and FTNCOCOA (+10.0%) recorded the most significant gains of the day while BERGER (-9.5%) and CAVERTON (-9.1%) topped the losers’ list.
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