WED 14 JULY, 2021-theGBJournal- Trading in the local bourse ended the day mixed but with a bullish bias, as the NGX All-Share Index notched a 4bps gain to close at 37,872.55. Precisely, investors’ interest in TOTAL (+6.1%) supported market performance, despite sell-offs of ACCESS (-2.2%). Consequently, the Month-to-Date and Year-to-Date losses moderated to -0.1% and -6.0%, respectively.
The total volume of trades was flat at 197.23 million units, valued at NGN2.14 billion, and exchanged in 3,610 deals. UBA was the most traded stock by volume at 35.21 million units, while ZENITHBANK was the most traded stock by value at NGN424.70 million.
Performance across sectors was mixed – the Banking (-0.9%) and Insurance (-0.3%) recorded declines, while the Industrial Goods and Consumer Goods indices closed flat. The Oil and Gas (+0.6%) index was the sole gainer.
As measured by market breadth, market sentiment was positive (1.5x), as 17 tickers gained, relative to 11 losers. CAPHOTEL (+10.0%) and NCR (+9.9%) topped the gainers’ list, while LINKASSURE (-5.4%) and CORNERST (-5.4%) recorded the most significant losses of the day.
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