WED 09 FEB, 2022-theGBJournal- Bullish sentiments returned to the Nigerian equities market, as investors’ interest in UBN (+6.8%) and ACCESS (+2.9%) ensured the first gain of the week.
The NGX All-Share Index advanced by 0.2% to 47,157.23 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +1.1% and +10.4%, respectively.
The total volume traded increased by 24.8% to 297.25 million units, valued at NGN4.69billion, and exchanged in 4,661 deals. ACCESS was the most traded stock by volume at 48.08 million units, while PRESCO was the most traded stock by value at NGN910.71 million.
Sectoral performance was broadly positive as the Banking (+1.7%), Consumer Goods (+0.7%), Insurance (+0.2%) and the Oil & Gas (+0.1%) indices gained, while the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.9x) as 25 tickers gained relative to 13 losers. RTBRISCOE (+10.0%) and SCOA (+9.5%) recorded the most significant gains of the day, while MULTIVERSE (-4.8%) and SOVRENINS (-4.2%) topped the losers’ list.
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