THUR 10 MARCH, 2022-theGBJournal- Bullish sentiments persisted in the domestic equities market as interests in top telecommunication player – MTNN (+1.0%) led the All-Share Index to close 0.2% higher to 47,363.98 points. Accordingly, the Month-to-Date loss moderated to -0.1%, while the Year-to-Date gain increased to +10.9%.
The total volume traded decreased by 22.2% to 261.56 million units, valued at NGN4.47 billion, and exchanged in 4,672 deals. CUTIX was the most traded stock by volume at 31.79 million units, while MTNN was the most traded stock by value at NGN1.83 billion.
On sectors, the Oil & Gas (+1.2%), Insurance (+0.9%), and Banking (+0.4%) indices posted gains, while the Consumer Goods (-0.6%) index declined. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.1x) as 21 tickers gained relative to 19 losers. RTBRISCOE (+9.8%) and UACN (+9.8%) topped the gainers’ list, while ROYALEX (-9.5%) and ABCTRANS (-8.6%) recorded the most significant losses of the day.
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