THUR 24 FEB, 2022-theGBJournal- The Nigerian equities market reversed yesterday’s loss and traded positively, driven by investors’ interest in SEPLAT (+7.5%). Thus, the NGX All-Share Index advanced by 0.1% to 47,272.04 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +1.4% and +10.7%, respectively.
The total volume of trades increased by 47.7% to 340.67 million units, valued at NGN3.86 billion, and exchanged in 5,383 deals. CUSTODIAN was the most traded stock by volume at 39.17 million units, while MTNN was the most traded stock by value at NGN588.82 million.
Performance across sectors was mixed, as the Oil & Gas (+3.9%) and Insurance (+1.0%) indices gained, while the Consumer Goods (-0.6%) and Banking (-0.3%) indices printed losses. Elsewhere, the Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (1.5x) as 25 tickers gained relative to 17 losers. ETRANZACT (+10.0%) and LEARNAFRCA (+9.9%) recorded the highest gains of the day, while MULTIVERSE (-8.0%) and INTBREW (-4.6%) topped the losers’ list.
Meanwhile, global stock markets was sent into turmoil Thursday after Russia invaded Ukraine. The Dow Jones Industrial Average dropped almost 700 points, S&P 500 futures fell more than 2%. The Nasdaq composite was down 0.5%.
Russia has launched a full scale war on Ukraine in early hours of Thursday, asking world leaders to stay away from the conflict.
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