WED 08 SEPT, 2021-theGBJournal- The domestic bourse resumed its downward trend in today’s trading session, as investors sold-off Tier-1 Banks – GTCO (-2.0%) and ZENITHBANK (-0.8%). As a result, the NGX All-Share Index declined by 0.1% to 39,204.52 points. Consequently, the Year-to-Date loss increased to -2.7%.
The total volume of trades increased by 60.9% to 339.51 million units, valued at NGN3.11 billion, and exchanged in 3,998 deals. FBNH was the most traded stock by volume at 86.01 million units, while ACCESS was the most traded stock by value at NGN671.34 million.
It was a mixed performance across sectors as the Insurance (-1.0%), Banking (-0.3%), and Consumer Goods (-0.1%) indices declined, while the Oil & Gas (+0.6%) index closed positive. Elsewhere, the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.3x), as 15 tickers gained, relative to 13 losers. REGALINS (+8.5%) and UNIVINSURE (+5.0%) topped the gainers’ list, while SCOA (-9.7%) and VERITASKAP (-8.7%) recorded the most significant losses of the day.
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