THUR 09 SEPT, 2021-theGBJournal- The Nigerian equities market traded marginally lower today as sustained sell-offs of banking stocks triggered a 1bp decline in the All-Share Index to 39,201.33 points. Precisely, ZENITHBANK (-0.8%) and STANBIC (-0.5%) were at the brunt of today’s sell-offs. Consequently, Month-to-Date and Year-to-Date losses printed -0.1% and -2.7%, respectively.
The total volume of trades increased by 3.2% to 350.53 million units, valued at NGN3.35 billion, and exchanged in 3,523 deals. FBNH was the most traded stock by volume and value at 97.73 million units and NGN729.64 million, respectively.
On sectors, the Oil & Gas (+0.6%) and Consumer Goods (+0.1%) indices recorded gains while the Insurance (-1.7%) index declined. Elsewhere, the Banking and Industrial Goods indices closed flat.
As measured by market breadth, market sentiment was negative (0.5x), as 19 tickers lost, relative to 9 gainers. CORNERST (-7.7%) and AIICO (-6.9%) recorded the most significant losses of the day, while CHAMS (+4.8%) and UBA (+4.7%) topped the gainers’ list.
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