MON 11 OCT, 2021-theGBJournal- The Nigerian equities market snapped last week’s bullish performance as profit-taking activities witnessed in NB (-6.1%) and BUACMENT (-2.5%) undermined the market’s performance.
Thus, the All-Share Index declined by 0.4% to 40,714.22. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +1.2% and +1.1%, respectively.
The total volume of trades declined by 37.9% to 191.31 million units, valued at NGN2.59 billion, and exchanged in 4,395 deals. FBNH was the most traded stock by volume at 24.15 million units, while BUACEMENT was the most traded stock by value at NGN359.35 million.
Sectoral performance was mixed following declines in the Consumer Goods (-1.0%) and Industrial Goods (-0.6%) indices and gains in the Banking (+0.8%) and Insurance (+0.4%) indices posted gains; the Oil & Gas index was flat.
As measured by market breadth, market sentiment was negative (0.9x), as 17 tickers lost relative to 16 gainers. SOVRENINS (-8.3%) and NB (-6.1%) topped the losers’ list while NEM (+10.0%) and ETI (+9.5%) recorded the most significant gains.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
