MON 06 DEC, 2021-theGBJournal- Activities in the domestic equities market carried on last week’s bearish performances, closing lower on sell-offs in WAPCO (-9.9%).
The All-Share Index paid the price, falling by 0.4% to 42,008.60 points. Consequently, the Month-to-Date loss increased to -2.9%, while the Year-to-Date gain moderated to +4.3%.
The total volume traded increased by 133.3% to 422.18 million units, valued at NGN4.47 billion, and exchanged in 5,059 deals. FBNH was the most traded stock by volume and value at 128.87 million units and NGN1.51 billion, respectively.
Sectoral performance was broadly negative, as declines in the Insurance (-1.8%), Banking (-1.4%), Industrial Goods (-0.6%), Consumer Goods (-0.3%), and Oil and Gas (-0.1%) indices reflected the overall market performance.
As measured by market breadth, market sentiment was negative (0.4x) as 9 tickers lost relative to 23 gainers. WAPCO (-9.9%) and LINKASSURE (-8.9%) recorded the most significant losses of the day, while ROYALEX (+9.4%) and CHIPLC (+9.1%) topped the gainers’ list.
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