MON 13 DEC, 2021-theGBJournal- Trading in the local bourse kicked off the week with positive sentiments as investors bought MTNN (+7.1%). Thus, the benchmark index closed higher by 1.3% to 42,411.12 points. Accordingly, the Month-to-Date loss moderated to -1.9% while Year-to-Date gain increased to +5.3%.
The total volume of trades declined by 48.4% to 229.64 million units, valued at NGN3.29 billion, and exchanged in 4,426 deals. UNITYBNK was the most traded stock by volume at 48.32 million units, while NESTLE was the most traded stock by value at NGN846.76 million.
Analysing by sectors, the Oil & Gas (-0.9%), Banking (-0.5%), Insurance (-0.2%) and Consumer (-0.1%) indices declined while the Industrial Goods (+0.7%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was positive (1.4x), as 22 tickers gained relative to 14 lost. MEYER (+9.1%) and ACADEMY (+8.5%) topped the gainers’ list, while NASCON (-6.8%) and CORNERST (-6.0%) recorded the most significant losses of the day.
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