THUR 02 SEPT, 2021-theGBJournal- The equities market snapped a three-day losing streak as bargain buying in DANGCEM (+0.8%) and ACCESS (+2.8%) underpinned a +0.2% increase in the All-Share index to 39,252.19 points. Accordingly, Month-to-Date and Year-to-Date return moderated to +0.1% and -2.5%, respectively.
The total volume of trades increased by 44.9% to 245.33 million units, valued at NGN1.94 billion, and exchanged in 3,848 deals. ACCESS was the most traded stock by volume and value at 51.07 million units and NGN471.19 million, respectively.
Sectoral performance was broadly positive as three of our coverage indices – Insurance (+1.1%), Industrial Goods (+0.4%), and Banking (+0.1%) indices recorded gains. Meanwhile, the Oil & Gas (-1.2%) and Consumer Goods (-0.1%) declined.
As measured by market breadth, market sentiment was negative (0.9x), as 17 tickers lost, relative to 16 gainers. UNITYBNK (-8.6%) and OANDO (-7.0%) recorded the most significant losses of the day, while CHAMS (+4.8%) and PRESTIGE (+4.4%) topped the gainers’ list.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com
